Cut defense spending

If anyone want's to watch a good documentary on the subject of our debt and where our money is going, look up I.O.U.S.A. Got to watch it for AP Gov and it is a very eye opening and interesting movie. I highly suggest watching it or reading up on the US budget before barging in here and saying what we should cut.
 
Medicare doesn't get called into question ever because of how powerful the AARP is. They have more money to finance campaigns, they're successful lobbyers, and Old people have the highest voter turnout rates.
 
yep. But until then, fuck the AARP.

And by the time I'm eligible for benefits America will have paid of their debts and be able to restore the medicare and social security budget.
 
You do understand that with our flawed modern economic system, national debt can actually never be repaid? You're living in a fantasy world, buddy, it's time to wake up.
 
US economy has always fluctuated, it's part of capitolism. Our crests are always followed by troughs. Take for example the great depression, americas lowest economic point by general consensus. a decade later we are the strongest nation in the world and our economy booms. Before the great depression was the roaring 20's. When coolidge was president our economy was also doing well. The economic boom of the 50's and 60's was followed by the 70's, when we had products starting to be manufactured and imported from other countries.

If precedent holds true, I feel that we will reach an economic crest when the baby boomers begin to die of and we have a surplus from not spending as much on SS and medicare. I feel that then, depending on who's in charge and if they're fiscally responsible, We can put our debt in the billions if not millions. Paying off our debt can be done, it's just not gonna be easy. Major budget cuts and tax raises for I'd say 2 decades.

The problem with that is that no politician wants to raise taxes and cut benefits. It's bittersweet.
 
I don't see it as possible in any case with the modern economic system of debt. Say you have a 100 billion deficit (or debt, whatever) and the Fed issues you that amount of money as a new loan, for a new interest rate. It's basically a never-ending cycle as far as I know and as long as an institute that issues and controls assets takes a major slice off top.

On the other hand, I am not that familiar with your fiscal system, so I'm gonna stop here as I'm not sure.
 
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