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My original post to this effect postulated a 43% cut in all spending, across the board.
43% cut in SocSec
43% cut in Medicare
43% cut in defense spending
43% cut in...
Now, a 43% cut in defense spending will give the DoD a budget of about $375B (using FY2009 numbers), the allocation of which will be determined otherwise - so, that may or may not mean the end of our wars.
OK, fair enough. I'd still like to end our wasteful wars as if we're discussing cutting social programs for OUR people, there should be no way in hell we should spend over a trillion dollars "bringing freedom" to others. I think we could evaluate a lot of things and scrap the ones we don't need and try to preserve those which benefit the American people. If we're this broke, then the rest of the world will just have to take care of themselves for awhile. It's their job anyway, we shouldn't be World Police....or we should get paid for it.