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The interest on the national debt is projected to be 900 billion in 10 years, up from 390 billion currently. It will soon be more than our military spending. The debt is apolitical. Neither party, as of late, is willing to try to reduce the debt and the deficit is rising currently.
Soon a trillion dollars each year, paid for by taxpayers, will be going to pay the interest on the debt. Trying to put a cap on the deficit and pay down the debt will result in an assured deep depression like recession. What to do? Growing the deficit means that there is less money for the countries other needs. We are on a totally unsustainable path.
Im hoping for a total collapse of the system. The History of the Roman Empire agrees with me.
Why do you want that to happen? You must have invested plenty in underground bunkers, food, water and weapons and don't want that investment to go to waste. I personally do not want to see the system collapse.....it would hurt too many people I care for.
control spending....half the departments out there could use cuts..some steep cuts nearing 50%
we could cut almost every department by half
almost every dept could be cut in half
other areas(depts.) that could afford cuts
cut the inefficiency...cut the unnecessary
for example...the federal department of education......why doesit need 7000 employees?
1. schools are state run..they have state dept of ed's
...a. while we ''may'' need the feds to set a standard..... lets say 100 academics to set standards for nation wide
...b. so total needed 100
2. yes , part of the federal dept of ed is.....pell grants......
...a. ok maybe 10 people per state to process pell requests
...b. so total needed 500
3. that totals out to a ''needed'' 600 personnel, you could even double that amount and say 1200 ....not the 7000 people on the books that we currently have
no-one is saying give 6000 pink slips, as other department might be short on personnel
no-one is saying you cant have departments...only let's be smart about how we fund and man them....especially TO THE MISSION of said department
.
.
.
. department of transportation....
why are we continuing to fund a failing entity of AMTRAK...???
Amtrak (part of the DOT's 130 billion dollar budget)...over 50 billion is allocated to HSR and Amtrak
why not send Amtrak the way of CONRAIL??
department of energy....16000 employees plus 94000 contractors ...with a budget sitting around 35 billion....... do we really need 100k of employees/contractors to supervise the nations power grid??
DOHUD.....11,000 employees....meanwhile it was HUD with fannie/Freddie that caused the housing bubble/bust
DOHHS....67,000 employees...with a budget near 100 billion...and that doesn't count medicare/Medicaid
DoL.......17,500 employees.... with a budget of 137 billion.......17000 employees and we cant get more people employed in America??
DOA......109,000 employees....with a budget of over 150 billion
department of state (formerly known as dept of foreign affairs).......19,000 employees......55 billion dollar budget which includes some foreign aid too
Dept of treasury.....116,000 employees (86,000 GS employees and 30,000 contractors)....do we really need over 100k employees to run the treasury???... 22 billion budget....... or which IRS....92,000 employees, to process taxes...budget about 13 billion falls under the treasury dept
DOI (dept of interior)...budget 25 billion...70,000 government employees with an additional 20,000 contractors.......now this dept is not so much of a cut in its budget...but does it really need almost 90,000 employees???
everyone of these could be cut by at least half
then pass a balanced budget agreement
while we cant EXACTLY balance the budget, we certainly can make it close according to estimated future revenue
then
maybe do away with the income tax, estate tax, corporate taxes, and sin taxes...and implement the fair tax in its stead.... the fair tax could generate 5 trillion plus, which is a lot more than the 3 trillion from those other sources...
control spending....half the departments out there could use cuts..some steep cuts nearing 50%
we could cut almost every department by half
almost every dept could be cut in half
other areas(depts.) that could afford cuts
cut the inefficiency...cut the unnecessary
for example...the federal department of education......why doesit need 7000 employees?
1. schools are state run..they have state dept of ed's
...a. while we ''may'' need the feds to set a standard..... lets say 100 academics to set standards for nation wide
...b. so total needed 100
2. yes , part of the federal dept of ed is.....pell grants......
...a. ok maybe 10 people per state to process pell requests
...b. so total needed 500
3. that totals out to a ''needed'' 600 personnel, you could even double that amount and say 1200 ....not the 7000 people on the books that we currently have
no-one is saying give 6000 pink slips, as other department might be short on personnel
no-one is saying you cant have departments...only let's be smart about how we fund and man them....especially TO THE MISSION of said department
.
.
.
. department of transportation....
why are we continuing to fund a failing entity of AMTRAK...???
Amtrak (part of the DOT's 130 billion dollar budget)...over 50 billion is allocated to HSR and Amtrak
why not send Amtrak the way of CONRAIL??
department of energy....16000 employees plus 94000 contractors ...with a budget sitting around 35 billion....... do we really need 100k of employees/contractors to supervise the nations power grid??
DOHUD.....11,000 employees....meanwhile it was HUD with fannie/Freddie that caused the housing bubble/bust
DOHHS....67,000 employees...with a budget near 100 billion...and that doesn't count medicare/Medicaid
DoL.......17,500 employees.... with a budget of 137 billion.......17000 employees and we cant get more people employed in America??
DOA......109,000 employees....with a budget of over 150 billion
department of state (formerly known as dept of foreign affairs).......19,000 employees......55 billion dollar budget which includes some foreign aid too
Dept of treasury.....116,000 employees (86,000 GS employees and 30,000 contractors)....do we really need over 100k employees to run the treasury???... 22 billion budget....... or which IRS....92,000 employees, to process taxes...budget about 13 billion falls under the treasury dept
DOI (dept of interior)...budget 25 billion...70,000 government employees with an additional 20,000 contractors.......now this dept is not so much of a cut in its budget...but does it really need almost 90,000 employees???
everyone of these could be cut by at least half
then pass a balanced budget agreement
while we cant EXACTLY balance the budget, we certainly can make it close according to estimated future revenue
then
maybe do away with the income tax, estate tax, corporate taxes, and sin taxes...and implement the fair tax in its stead.... the fair tax could generate 5 trillion plus, which is a lot more than the 3 trillion from those other sources...
If you cut spending your cutting income. Government spending creates income and or revenue for other Americans. So cutting government spending, regardless of how, will have a contracting impact on the economy in a major way, since government spending is major spending.
I personally do not want to see the system collapse.....it would hurt too many people I care for.
Hurt too many people?
It would destroy the world as we know it.
Having said that, we had a chance to cleanse the system back in 2008/09 and the Treasury (Thank you Hank Paulson) kicked the can down the road by flooding the system with money in order to save Goldman Sachs.
It took nearly a decade and trillions of dollars to recover from that. We won't be so lucky next time around--which, thanks to the dotard's tax cut for the rich combined with a rapidly slowing economy, might not be too far away. The stock market is telling us something nasty is on the economic horizon.
control spending....half the departments out there could use cuts..some steep cuts nearing 50%
we could cut almost every department by half
almost every dept could be cut in half
other areas(depts.) that could afford cuts
cut the inefficiency...cut the unnecessary
for example...the federal department of education......why doesit need 7000 employees?
1. schools are state run..they have state dept of ed's
...a. while we ''may'' need the feds to set a standard..... lets say 100 academics to set standards for nation wide
...b. so total needed 100
2. yes , part of the federal dept of ed is.....pell grants......
...a. ok maybe 10 people per state to process pell requests
...b. so total needed 500
3. that totals out to a ''needed'' 600 personnel, you could even double that amount and say 1200 ....not the 7000 people on the books that we currently have
no-one is saying give 6000 pink slips, as other department might be short on personnel
no-one is saying you cant have departments...only let's be smart about how we fund and man them....especially TO THE MISSION of said department
.
.
.
. department of transportation....
why are we continuing to fund a failing entity of AMTRAK...???
Amtrak (part of the DOT's 130 billion dollar budget)...over 50 billion is allocated to HSR and Amtrak
why not send Amtrak the way of CONRAIL??
department of energy....16000 employees plus 94000 contractors ...with a budget sitting around 35 billion....... do we really need 100k of employees/contractors to supervise the nations power grid??
DOHUD.....11,000 employees....meanwhile it was HUD with fannie/Freddie that caused the housing bubble/bust
DOHHS....67,000 employees...with a budget near 100 billion...and that doesn't count medicare/Medicaid
DoL.......17,500 employees.... with a budget of 137 billion.......17000 employees and we cant get more people employed in America??
DOA......109,000 employees....with a budget of over 150 billion
department of state (formerly known as dept of foreign affairs).......19,000 employees......55 billion dollar budget which includes some foreign aid too
Dept of treasury.....116,000 employees (86,000 GS employees and 30,000 contractors)....do we really need over 100k employees to run the treasury???... 22 billion budget....... or which IRS....92,000 employees, to process taxes...budget about 13 billion falls under the treasury dept
DOI (dept of interior)...budget 25 billion...70,000 government employees with an additional 20,000 contractors.......now this dept is not so much of a cut in its budget...but does it really need almost 90,000 employees???
everyone of these could be cut by at least half
then pass a balanced budget agreement
while we cant EXACTLY balance the budget, we certainly can make it close according to estimated future revenue
then
maybe do away with the income tax, estate tax, corporate taxes, and sin taxes...and implement the fair tax in its stead.... the fair tax could generate 5 trillion plus, which is a lot more than the 3 trillion from those other sources...
Who is going to vote for this - without being demonized?
I agree it needs to happen - but people aren't interested.
People are more interested in the color or nationality of the people being elected. Or they want the new popular person.
If you cut spending your cutting income. Government spending creates income and or revenue for other Americans. So cutting government spending, regardless of how, will have a contracting impact on the economy in a major way, since government spending is major spending.
if all that over budget governmental spending was major spending, then we would not have a debt..and certainly would not have nearly a trillion in interest on said debt
and cuts don't actually have to mean cuts below the current spending... how about stop the 8% increase each year and let the COL increase be 1% to the departments
and as I said for the Dept of ed...
...the federal department of education......why doesit need 7000 employees?
1. schools are state run..they have state dept of ed's
...a. while we ''may'' need the feds to set a standard..... lets say 100 academics to set standards for nation wide
...b. so total needed 100
2. yes , part of the federal dept of ed is.....pell grants......
...a. ok maybe 10 people per state to process pell requests
...b. so total needed 500
3. that totals out to a ''needed'' 600 personnel, you could even double that amount and say 1200 ....not the 7000 people on the books that we currently have
no-one is saying give 6000 pink slips, as other department might be short on personnel
no-one is saying you cant have departments...only let's be smart about how we fund and man them....especially TO THE MISSION of said department
the government employees are not part of the individual departments budget
for example the dept of eds budget of 70 billion dollars does not include their 7000 personnel
cutting 6000 people at 65k each (GS11 step1) is nearly 400 million (just in base salary )... that is one department
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