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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 794 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 681 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 529 Views
The sequester was Obama's idea, so he should CYA. Anonymous2000 - 04/04/2013 12:16:59 AM 599 Views
The US economony only lost 3.1 percent between 2008 to 2009 Roland00 - 04/04/2013 03:55:05 AM 636 Views
We do need to cut, cut, cut... callandor1000 - 10/04/2013 03:38:45 PM 735 Views
I don't care about any quantities under a million Roland00 - 04/04/2013 03:40:25 AM 556 Views
the president can't pass a budget you know.... moondog - 04/04/2013 04:45:38 AM 584 Views
No, but he is required by law to submit one, and he has not. HyogaRott - 05/04/2013 06:10:24 PM 591 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 734 Views
good job on displaying more of your ignorance or willful blindness HyogaRott - 06/04/2013 03:34:27 PM 578 Views
quoting from the second article you linked..... moondog - 06/04/2013 04:23:48 PM 537 Views
*SIGH* HyogaRott - 07/04/2013 12:58:12 AM 631 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 279 Views
yes, because everyone knows the way out of recession is to prevent job creation *NM* moondog - 05/04/2013 07:04:49 PM 294 Views
Federal spending can not create real, sustainable, job growth. *NM* HyogaRott - 06/04/2013 03:39:52 PM 314 Views
it doesn't have to, that's why they call it "stimulus" *NM* moondog - 06/04/2013 04:08:04 PM 304 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 288 Views
Yes we need to cut hundreds of billions of dollars Roland00 - 06/04/2013 03:17:01 AM 564 Views
Not really HyogaRott - 06/04/2013 03:54:56 PM 552 Views
as long as debt and/or deficit is less than GDP they are manageable moondog - 06/04/2013 04:30:42 PM 695 Views
Deficits HyogaRott - 07/04/2013 01:13:41 AM 553 Views
Deficits are a big deal with times are good Roland00 - 07/04/2013 03:40:36 AM 571 Views
Re: Not really Roland00 - 07/04/2013 03:29:59 AM 843 Views
You do know why we use 10 year time periods with cbo numbers right? *NM* Roland00 - 06/04/2013 03:17:41 AM 290 Views
Yeah, so they can claim a dime of imaginary savings is a dollar. *NM* HyogaRott - 06/04/2013 03:37:39 PM 276 Views
No anything past 10 years in projections are a joke. Roland00 - 07/04/2013 03:02:32 AM 622 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 305 Views
Ya know, semi-tangent but I just had an amusing notion about elected official pay Isaac - 10/04/2013 07:12:56 PM 620 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 295 Views
I'm not sure it would, it could be made voluntary too Isaac - 10/04/2013 11:41:54 PM 591 Views
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