Somehow I knew your response would be nothing more than a smartassed comment. Now for reality ask yourself how many military families would be unable to eat, then ask yourself how many seniors and disabled would be unable to eat. Then ask yourself how many people it takes to start a riot.
Your proposal to simply cut 43% across the board is completely with any basis in reality.
When talking about reducing debt (versus deficit), it might be good to remember only (can/should I use that word?) about 37% is owed to foreign nations. Seems to me a sensible approach would be to prioritize actually paying down principal on those debts first, while maintaining interest payments on the remainder. I would start with those nations deemed "unfriendly" to our long term interests (China and Oil Producing States).
in unspoken fears.
Like I said, that isn't going to happen for any sustained length of time. The voters won't tolerate it, and any politician who supports it will be absolutely skewered by his/her political opponents.Yup. Cut everythng 43%. Live within our means.
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
Deciding to lower you kids' allowance won't do anyting to the interest rate on your credit card; your argument here is unsound.
Whcih is... we're paying our current debt service and cutting spending so we do not take on more debt.Just because we nominally make our interest payments doesn't mean that bondholders will be fooled that easily; they'll be able to see what is happening.
Seems pretty darned responsible to me - how, exactly, would this cause interest rates to rise?
Well, we -do- get the government we deserve... If the people decide they'd rather have out-of-control debt that will eventually lead to a fiscal, then economic, and then societal collapse, as opposed to the perceived 'pain' caused by forcing the government to spend $1500B less, there's no much anyone can do about it.Like I said, that isn't going to happen for any sustained length of time. The voters won't tolerate it
Enjoy your future. Hope you have plenty of ammunition.
Last edited by PzKfW IVe; 07-13-11 at 01:20 PM.