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Yes we need to cut hundreds of billions of dollars Roland00 Send a noteboard - 06/04/2013 03:17:01 AM

Yes we need to cut hundreds of billions of dollars from future spending in the next 10 to 20 years due to the greying of the US workforce and the retirement of the baby boomers. Currently the baby boomers are economic generators but soon they will be net liabilities due to them retiring and being in social security and medicare instead of contributing to it.

If we had a more "even" demographics instead of a boom bust cycle of people our government spending problems would be a lot more manageable.

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That or we can raise taxes (yes this has economic consequences raising taxes, but we need to cut spending, raise taxes, or do both both)

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President Obama and Defense Secretary Hagel take pay cuts to lessen impact of sequester moondog - 03/04/2013 09:47:45 PM 929 Views
Well, it's more of a CYA-against-bad-press symbolic gesture than an impressive one. Burr - 03/04/2013 10:15:40 PM 801 Views
considering that nobody in Congress is losing pay or their job, it's a good precedent IMHO moondog - 03/04/2013 10:43:45 PM 642 Views
The sequester was Obama's idea, so he should CYA. Anonymous2000 - 04/04/2013 12:16:59 AM 708 Views
The US economony only lost 3.1 percent between 2008 to 2009 Roland00 - 04/04/2013 03:55:05 AM 750 Views
We do need to cut, cut, cut... callandor1000 - 10/04/2013 03:38:45 PM 889 Views
I don't care about any quantities under a million Roland00 - 04/04/2013 03:40:25 AM 689 Views
the president can't pass a budget you know.... moondog - 04/04/2013 04:45:38 AM 694 Views
No, but he is required by law to submit one, and he has not. HyogaRott - 05/04/2013 06:10:24 PM 692 Views
good job getting your analysis from right wing media and pushing the lies they tell you moondog - 05/04/2013 07:04:05 PM 867 Views
good job on displaying more of your ignorance or willful blindness HyogaRott - 06/04/2013 03:34:27 PM 697 Views
quoting from the second article you linked..... moondog - 06/04/2013 04:23:48 PM 691 Views
*SIGH* HyogaRott - 07/04/2013 12:58:12 AM 750 Views
They need to cut hundreds of billions, not millions; and not over a fake 10 year period either. *NM* HyogaRott - 05/04/2013 06:13:37 PM 328 Views
yes, because everyone knows the way out of recession is to prevent job creation *NM* moondog - 05/04/2013 07:04:49 PM 347 Views
Federal spending can not create real, sustainable, job growth. *NM* HyogaRott - 06/04/2013 03:39:52 PM 358 Views
it doesn't have to, that's why they call it "stimulus" *NM* moondog - 06/04/2013 04:08:04 PM 358 Views
Yeah, and I can call your mama, your daddy, but it don't change who they are. *NM* HyogaRott - 07/04/2013 01:15:05 AM 340 Views
Yes we need to cut hundreds of billions of dollars Roland00 - 06/04/2013 03:17:01 AM 687 Views
Not really HyogaRott - 06/04/2013 03:54:56 PM 686 Views
as long as debt and/or deficit is less than GDP they are manageable moondog - 06/04/2013 04:30:42 PM 830 Views
Deficits HyogaRott - 07/04/2013 01:13:41 AM 683 Views
Deficits are a big deal with times are good Roland00 - 07/04/2013 03:40:36 AM 678 Views
Re: Not really Roland00 - 07/04/2013 03:29:59 AM 988 Views
You do know why we use 10 year time periods with cbo numbers right? *NM* Roland00 - 06/04/2013 03:17:41 AM 352 Views
Yeah, so they can claim a dime of imaginary savings is a dollar. *NM* HyogaRott - 06/04/2013 03:37:39 PM 346 Views
No anything past 10 years in projections are a joke. Roland00 - 07/04/2013 03:02:32 AM 746 Views
Anything past 1 year is a joke/lie becuase the next Congrees will do what it wants regardless. *NM* HyogaRott - 07/04/2013 03:08:39 PM 354 Views
Ya know, semi-tangent but I just had an amusing notion about elected official pay Isaac - 10/04/2013 07:12:56 PM 719 Views
it would require a constitutional amendment, but i think we could get it to pass.... *NM* moondog - 10/04/2013 11:24:26 PM 354 Views
I'm not sure it would, it could be made voluntary too Isaac - 10/04/2013 11:41:54 PM 691 Views
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