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We've seen the results. After sequestration and a government shut down, we managed 4.1% annualized GDP growth in quarter 3 of 2013 and 3.2% annualized GDP growth in Quarter 4. What this really means though is that the private sector is doing even better than those percentages since government would have either stayed even, or even decreased.
So while Democrats can pass blame to the GOP and say, "well, GDP WOULD have been higher if there was no shut down." Either way, you can't say that the shut down crashed the economy.
In 2013, the Federal Government spent 3.455 Trillion dollars. I think it's time for an across the board 15% haircut to all government programs which makes Federal Spending $2.94 trillion dollars. This would roll back spending to 2005 levels. If I'm recalling correctly, there wasn't complete anarchy in 2005 when we were spending less than 3T. Cutting $518 billion is a bit ambitious, but if we're really growing at 3%, I think we can handle it as a country: $200 billion of that can reasonably come out of the Defense budget.
The impact of the sequester was much overblown but I don't think we need to waste another $30B shutting down the government.
Yes the private companies are doing fine but the workers and the middle class in general are not doing so well, the jobs are just not there. Spending is not the problem although I do agree that they need to move towards cutting costs, just not now.
Quite different now than back in 2005, older population, social security increases, medicare, food stamps, unemployment, now is not the time to cut.
The impact of the sequester was much overblown but I don't think we need to waste another $30B shutting down the government.
Yes the private companies are doing fine but the workers and the middle class in general are not doing so well, the jobs are just not there. Spending is not the problem although I do agree that they need to move towards cutting costs, just not now.
Quite different now than back in 2005, older population, social security increases, medicare, food stamps, unemployment, now is not the time to cut.
What exactly do you think austerity will accomplish other than adding to the unemployment numbers.
We're going on 5 years now and all that has happened is that the government calculates all their numbers a different way now
We could stay like this for the next 10-20 years mind you.
Japan did.
I don't see prosperity in our near term future.
If things were truly improving people making $75K a year wouldn't be qualifying for government welfare programs would they ?
We've seen the results. After sequestration and a government shut down, we managed 4.1% annualized GDP growth in quarter 3 of 2013 and 3.2% annualized GDP growth in Quarter 4. What this really means though is that the private sector is doing even better than those percentages since government would have either stayed even, or even decreased.
So while Democrats can pass blame to the GOP and say, "well, GDP WOULD have been higher if there was no shut down." Either way, you can't say that the shut down crashed the economy.
In 2013, the Federal Government spent 3.455 Trillion dollars. I think it's time for an across the board 15% haircut to all government programs which makes Federal Spending $2.94 trillion dollars. This would roll back spending to 2005 levels. If I'm recalling correctly, there wasn't complete anarchy in 2005 when we were spending less than 3T. Cutting $518 billion is a bit ambitious, but if we're really growing at 3%, I think we can handle it as a country: $200 billion of that can reasonably come out of the Defense budget.
Government spending pumps nearly all that 3.455 Trillion dollars into the the hands of millions or large, medium-sized or small businesses either by direct Federal contracts (The Federal work force largely monitors, regulates and pays out for such contracts) or by enabling millions of Americans to do business with such companies. Do you have any idea what erasing a significant chunk of that Federal procurement would do to American business? It might even effect you personally if for evample your employer or your business took a 10-20% hit in earnings. You or your employer might have to cut expenses or employment and you might then learn what austerity really means.
Government spending pumps nearly all that 3.455 Trillion dollars into the the hands of millions or large, medium-sized or small businesses either by direct Federal contracts (The Federal work force largely monitors, regulates and pays out for such contracts) or by enabling millions of Americans to do business with such companies. Do you have any idea what erasing a significant chunk of that Federal procurement would do to American business? It might even effect you personally if for evample your employer or your business took a 10-20% hit in earnings. You or your employer might have to cut expenses or employment and you might then learn what austerity really means.
It also hands billions over to foreign governments.
You are forgetting that.
We give Egypt $2 billion a year minimum so they can keep their army.
And with the "Arab Spring" we gave them even more over and above and it wasn't even a loan.
How many other countries do we just give money to ?
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. Cutting $518 billion is a bit ambitious, but if we're really growing at 3%, I think we can handle it as a country: $200 billion of that can reasonably come out of the Defense budget.
