To once again quote Reagan, "We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much."
To once again point out the FACTS:
there is not enough to cut in the budget to make a difference.
Get that through your head...
there is not enough to cut.
There's tons to cut.
Social Security is $678 Billion. The Europeans are raising their retirement age and cutting back on payments, while the US government has concluded that errors in calculating the cost-of-living increase has caused the Social Security system to be the largest transfer of wealth from poor to rich in US history. They didn't even calculate the massively increased values of homes owned by seniors. Even though the real-world cost of living increases and interest rates are flat, Social Security payments per individual have kept going up every year.
Medicare is $453 billion and Medicaid is $290 billion. Can it be cut? Of course! Obama just cut $500
Billion from Medicare and nobody raised an eyebrow except for a bunch of old fogies who were outraged that their money was stolen to make Obamacare look like less of a boondoggle.
Then there are $571 billlion in other mandatory spending programs, including unemployment and welfare benefits that wouldn't need to be as large if we'd quite doing everything possible to throw everyone out of work.
Interest on the debt is $164 billion and set to skyrocket.
That's $2,156 billion in mandatory payments, and aside from debt payments due the Chinese, it could certainly be cut back by 20% or more, saving $398 billion.
Then zero out the Department of Labor ($13.3 billion - what do they do other than produce statistical reports?)
The Department of the Treasury ($13.3 billion - can't they print their own frakkin' money?)
The Department of Energy ($26.3 billion dedicated to making sure we don't have electricity anymore)
The Department of Homeland Security ($42.7 billion devoted to strip searching old white ladies while waving through 25-year old radical Muslim males from Pakistan)
The Department of Education ($46.7 billion dedicated to protecting failing teachers and making sure US students are dumber than their Asian counterparts) which steps on a role traditionally held by the states.
The Department of Transportation ($72.5 billion to build West Virginia roads named after Robert Byrd and provide slush funds for state politicians)
The Department of Housing and Urban Development ($47.5 billion to build more slums in Chicago)
The Department of Health and Human Services ($78.7 billion and you still aren't safe eating an egg).
The State Department ($51.7 billion to make people hate Hillary less)
The EPA ($10.5 billion being spent to eliminate the last remaining US jobs)
The Department of Agriculture ($26 billion to subsidize the tobacco farmers?)
The Department of Commerce ($13.8 billion for overseas junkets for Congressmen)
Then cut Defense from $663.7 billion to an even $500 billion.
That didn't touch NASA, Veterans affairs, Justice, the Interior, the NSF, the Corps of Engineers, the Small Business Administration, or the GSA, for a total of $841 billion in savings. Add the $398 billion from a 20% cutback in some of the mandatory spending and you've got $1,239 billion in savings, which would put the 2010 budget in the black!
Let's take a quick look back:
In 2007 (back when people had jobs) the total revenue was $2,540 billion, spending was $2,780 billion, and the deficit was $244.2 billion.
In 2010 the total revenue was $2,381 billion but the spending was $3,552 billion, with the deficit a staggering $1,171 billion
Revenue has only dropped by $159 billion, but instead of dropping expenditures proportionately (which would've been only a $15 billion dollar decrease), the government increased spending by $772 billion.
The extra spending isn't on Social Security, Medicaid, Medicare, or Interest on the debt. Those payments only went up by $84.4 billion from 2007 to 2010. The biggest jump was in welfare and unemployment benefits, which went up by $277 billion because everybody is out of work. We spent hundreds and hundreds of billion with the promise that blowing money on elite financial houses, foreign banks, windmills, and road contractors would keep unemployment below 8%, but gosh darn it, things got worse.
So instead, how about restoring some fiscal sanity. Heck, apply my cuts to the 2007 budget and we'd be running a $1.2 to $1.5 trillion dollar
surplus. Paying off the entire debt in about 10 years.
It beats massive tax increases that will collapse the US economy, reduce federal revenues, and make interest payments swallow up the entire budget with the ironic effect of zeroing out all the programs I was going to zero out anyway.