Regarding debt and interest, think about these
By Daniel at 24 October, 2008, 5:20 pm
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Department of Defense–Military $ 588,290,000,000 Increase over FY 2008 -12.3 %
Department of Health and Human Services $ 733,298,000,000 Increase over FY 2008 2.3 %
Social Security Administration $ 694,683,000,000 Increase over FY 2008 5.5 %
Department of the Treasury $ 549,964,000,000 Increase over FY 2008 5.3 %
(Interest on the Public Debt $ 487,300,000,000 )
Four departments consume most of the budget and they are growing (defense grows in “off budget” spending?). How is any President or Congress going to cut spending when those all have spending needs rise to “real inflation,” not the phony inflation they report.
Do you cut benefits to seniors who have already seen a loss of 70% of buying power in the last 20 years?
Do you cut it to health care spending when Medicare and Medicaid are already behind in payments to states for health care bills? Do you cut the food stamps, school lunches, welfare?
You can’t cut the debt and you can’t cut the rising interest on debt so where do you find any significant place to cut. The entire rest of the government, about 80 dept. runs on about $500 billion. If you cut every dollar of pork, you wouldn’t even make a dent in growth in spending.
I am all for cutting all pork but, I am not under the illusion it will make any significant difference in how soon we implode.
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