Quote:
Originally Posted by madm1k3
Since 2000
Cost of wars: 4 trillion
Cost of tax cuts: 2.8 trillion
Cost of bank bail out: 14 trillion
Just looking at those basic numbers I would say three things are needed to fix your economy:
1. Cut military spending by 600 billion a year, this will keep you about 10 billion above china and still the highest spending nation
2. Everyone should lose thier tax cuts, not just the rich. That way every single citizen will realize that there are consequences for starting illegal wars and rewarding failed banks
3. Stop bankster welfare, I laugh at the food stamp comments. The real welfare in your country are businesses who failed miserabley but received more money than any social program
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While I agree with stopping the banker welfare as well as big business welfare and of course the defense budget is ridiculous tax cuts on the other hand for both lower & upper earners actually stimulate the economy and cause people to work.
It's just getting it in the right balance which is the trick.
The other thing is while I do agree that our defense spending is out of control it also does create jobs which are usually higher paying jobs. Meaning just out right cutting of a bunch of spending would likely cause more problem with a ripple effect than it might solve.
Again the trick is getting the right balance and perhaps trickling that spending into other areas that might more benefit the larger amount of the tax payers. Think instead of just cutting that 600 billion outright perhaps it would be better served using it to invest in this country's infrastructure on things like our roads, energy independence, education & health. (yes I look at education & health as a nation's infrastructure because the people are the very core of what makes up a country not the land they live on)
Yea know the things that might actually protect this country's future..