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Sorry but I hate when rich people in their safe little neighbor hoods talk about something they read on the internet or saw on date line. In fact you the blue version of right wing nut jobs.
"In FY 2016, total US government spending for defense (including military defense, veterans affairs, and foreign policy) is budgeted to be $829.1 billion. Military spending is budgeted at $604.5 billion, Veterans spending is budgeted at $178.2 billion, and foreign policy and foreign aid spending is budgeted at $46.5 billion."
And for the overseas service members, they would come home and work normal jobs.
"And for the overseas service members, they would come home and work normal jobs'
What type of jobs?
Where are they going to find them?
"Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May"
"When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work."
let's follow your suggestion and cut the military in half.
ALL those people both in the military and gov't support subcontractors are NOW out of work.
How much in taxes will NOT be coming in to the treasury?
How much in unemployment will be paid OUT to these now unemployed people?
How much in food stamps will be paid out?
How many OTHER business will go OUT OF BUSINESS because they rely on the military in their area for customers?
Add those into the equation and it will COST a LOT.
Not as much as we spend but, surely it will have big negative affect.
Some just like to spout of WITHOUT thinking the ENTIRE process through.
Not true at all. All of those people would be working at companies making goods that other people need and desire. Look at what happened after WWII. The economy boomed as former soldiers moved into productive work.
With taxes cut in half the economy would boom and people would be spending money on things they need rather than on foreign bases.
"And for the overseas service members, they would come home and work normal jobs'
What type of jobs?
Where are they going to find them?
Yet despite that staggering number, there are more than three million job openings in the U.S. Just in manufacturing, there are as many as 500,000 jobs that aren't being filled because employers say they can't find qualified workers. It's called "the skills gap."
And as taxes drop significantly, people will be spending money on things they need or want (cars, houses, smartphones, etc) rather than on million dollar army trucks in Germany which add no value.
Moving people from non productive (military, government regulation, etc) to productive jobs makes the economy boom.
Recently I stated threads to get peoples opinion on state and local tax. I came across many good response on Federal as well but they were out of place. SO, do you feel Federal income taxes are determined fairly and going to the necessary places. Are you seeing yours, what are some major expenses you deem wasteful and why. Again be specific about the nature of your view, not just Obama sucks or something of that nature. Someone said military spending was out of hand while others said welfare was a kicker.
It's theft plain and simple. A small Federal government with limited powers. Leave the power to the states. One size doesn't fit all. Options are always best.
"In FY 2016, total US government spending for defense (including military defense, veterans affairs, and foreign policy) is budgeted to be $829.1 billion. Military spending is budgeted at $604.5 billion, Veterans spending is budgeted at $178.2 billion, and foreign policy and foreign aid spending is budgeted at $46.5 billion."
And for the overseas service members, they would come home and work normal jobs.
Or we bring the bases back home and they would stay in the service to protect our borders and spend their money here. That's what defense spending is all about. Defense spending vs Military spending.
"In FY 2016, total US government spending for defense (including military defense, veterans affairs, and foreign policy) is budgeted to be $829.1 billion. Military spending is budgeted at $604.5 billion, Veterans spending is budgeted at $178.2 billion, and foreign policy and foreign aid spending is budgeted at $46.5 billion."
And for the overseas service members, they would come home and work normal jobs.
Great, that's half of the suggested cuts. Where does the other $800B come from? That also leaves us with zero national defense and completely puts our veterans out in the cold. That's a tough sell.
Also, what "normal jobs" do you suppose are out there just waiting for these 10s of thousands of military members to fill?
(Me: " The $2.9 trillion in the Trust Fund is as real as your money in your bank.")
Quick Enough: It is NOT. It is NOT ACTUAL CASH.
Neither is your "money" in the bank!!
Quote:
It is special "T" bills which are IOU,s
No, it is NOT "IOUs" any more than the Treasury bills in your pension are. Far from being "worthless IOUs" as some call them, the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest.
Quote:
The SSA and NO OTHER agency has NO MONEY ON HAND.
That means nothing. Are you trying to persuade us that they have difficulty transacting business?
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The agencies write "checks" and the Treasury Dept pays them.
How familiar are you with accounting? See, this is an example of what people call "low-information voters" when people don't want to comprehend and accept how finance works. You are troubled by transactions that do not rely on cold, hard cash yet that is how business normally operates.
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When SS needs money, because they are paying out MORE then they are taking in, they contact the Treasury and ask for X amount.
The Treasury "cashes in" some "T" bills, mostly by BORROWING the money from places like China, and wires the money to the SSA which is why when you look at a ie chart of the U.S. Gov't SPENDING and debt, you see SSA listed as a HUGE deficit.
Yes. The S.S. avoids the requirement of instantly raising cash to satisfy current obligations by selling matching Treasuries on the open market. This transfers the debt from the Trust Fund to the public sector. And you find this to be objectionable??? How would you rather they handle the need to redeem Treasuries?
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At SOME point the U.S. Treasury will NOT have the cash NOR the credit to borrow.
Yes, and LOOKOUT! THE SKY IS FALLING!!
At some point the sun will burn out. At some point the Yellowstone mega-volcano will erupt.
Produce hard facts with documentation for such radical statements or you may be considered a nutjob by some.
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