In the 2010 budget the US defense department was 20% percent of the budget, social security was 20%, medicare was 23%, discretionary 19%, other 12%, and interest of the debt 6%. Total Spending was $3456 billion dollars, revenue was $2162 billion dollars so we had a budget deficit of $1294 billion dollars. Even if you removed the entire defense spending that is only $689 billion dollars that is only have the budget deficit.
We need increased revenues which means higher taxes, we need to cut all spending (not just discretionary spending), we can't just balance the budget by cutting some programs we need to cut everything including medicare, social security, defense, and discretionary spending.
We need increased revenues which means higher taxes, we need to cut all spending (not just discretionary spending), we can't just balance the budget by cutting some programs we need to cut everything including medicare, social security, defense, and discretionary spending.
How can anyone seriously support Obama's budget proposals?
14/04/2011 02:49:30 PM
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I agree with your overall point but I do question one of your facts
14/04/2011 03:25:25 PM
- 669 Views
Using IRS data for 2008: (most recent year for which data is available)
14/04/2011 03:45:20 PM
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You didn't interpret the spreadsheet correctly. I'm positive of that.
14/04/2011 06:08:39 PM
- 556 Views
I'm gonna have to jump on board the wagon with that being a bad figure, got some others
14/04/2011 07:33:14 PM
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Data: http://www.irs.gov/pub/irs-soi/08in31mt.xls *NM*
14/04/2011 08:32:42 PM
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That's a breakdown of who modifies their returns and how it affects revenue.
14/04/2011 09:15:21 PM
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I believe you are questioning one of my definitions, not one of my facts.
14/04/2011 04:36:35 PM
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No matter how you define it I think it would be hard to call the top 5% middle class
14/04/2011 05:03:33 PM
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What a load of crap!
14/04/2011 03:49:29 PM
- 741 Views
Yes, your response is a load of crap.
14/04/2011 04:55:20 PM
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Re: Yes, your response is a load of crap.
14/04/2011 05:13:14 PM
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This is our first war without a tax increase.
14/04/2011 06:05:43 PM
- 667 Views
Er, check facts
14/04/2011 05:04:02 PM
- 809 Views
Yeah, lets fact check
14/04/2011 05:43:34 PM
- 650 Views
You understand you're actually supposed to cite data for a fact check right?
14/04/2011 06:38:22 PM
- 816 Views
I'm not sure thats entirely right
14/04/2011 05:51:18 PM
- 888 Views
What about the farm subsidies and the military?
15/04/2011 04:54:54 PM
- 604 Views
Cutting the military isn't enough
16/04/2011 04:27:11 AM
- 586 Views
Defense is 60% of the discretionary budget as well, so it's more like 26% overall. Just sayin'. *NM*
16/04/2011 04:53:30 AM
- 279 Views