White House: Sequester 'Deeply Destructive' to Defense
Submitted by DonGonsalves on 09/14/2012 01:09 pmThis entire issue is a supreme joke. We have an annual deficit of $1.2 trillion dollars(Spending $3.6 trillion, revenue $2.4 trillion a year). A cost reduction of $100 billion a year is peanuts compared to the problem.We need to increase taxes by $300 billion a year( elinimate all Bush Tax reductions for everyone) and cut expenses by $900 billion a year to balance the budget. Complaining about a $100 billion reduction each year is only 11% of what we have to do.
The largest reductions have to come out of the military($700 billion),medicare($600 billion) and medicaid($500 billion) which add up to approximately $1.8 trillion which is half of the spending.With these facts what do your readers want to do? Unless you deal in specifics talk is very,very cheap.I would cut the bloated military by $200 billion,medicare ( Which I am on) by $150 billion and medicaid by $100 billion.All of this is possible. All it takes is some politicians with guts of which we have almost none .Social Security is not an entitlement and needs only very minor adjustments especially to balance. The main problem now with Social Security is our great politicians recently open the flood gates to disability claims and almost anyone can now claim disability.





