R
Ridgerunner
Guest
After the last eight years, I think we already know what cutting defense does.If this is becoming a larger debate about the spending deficit in general, we have two issues. Democrats are generally looking to maintain or expand social services, sometimes through tax increases. Republicans generally try to reduce taxation, however they know quite well that reducing social services such as Medicare, Medicaid, Disability, and Social Security are a third rail for them. Rarely do they put forward a plan to reduce military spending. The skinny budget put forward by the White House does nothing to reduce the public debt; it just cuts fairly inconsequential budget items such as PBS and Amtrak to claim to the base that they are cleaning up Washington spending.
Look, I’d like nothing more than to pay less taxes, but to claim tax cuts trickle down to the worker is a bit of BS. Sure, it may help some job creation; but employers also act in their own interest. It’s about the bottom line. The less expenses (people) they need to make their operation run, the better profit they make. In other word they are not going to share the benefits of tax breaks out of love in their hearts.
You can’t maintain our current spending through massive tax cuts while not reducing spending. If cutting taxes is your driver for growth, at some point or federal debt service will crush any attempt to do so. The service is already over 20%…we are just kicking the can down the road.
I agree entitlements have to be cut, but I do not see any appetite for it. An additional problem with those is that most entitlements are either not means tested at all (SS, Medicare) or are only vaguely so (Obamacare). So there are people at the public trough whose presence there is in no way justified under anybody’s theory.
So things like Amtrak and PBS and slowing increases are the only things available. Problem is, the entitlements have built-in increases.