Redfish
Diamond Member
Do you honestly believe that most of the people opposing raising the debt ceiling understand what would have to happen in order for the federal government to suddenly stop adding to the debt?
Yes, the govt would have to make do with the income that it has. Some agencies would be shut down, but not the entire govt. Priorities would have to be established. The most important govt functions would get the money and the less important ones would not.
Do you honestly think that the govt can continue increasing the debt forever?
That doesn't answer what I asked. 40% of Medicare is currently paid for above and beyond what the payroll tax covers.
That means 40% of Medicare is paid from the general fund. The general fund is paying 1/3 (roughtly) of its bills with borrowing.
If you freeze the debt ceiling, that 1/3 of the spending has to stop, assuming you don't raise the revenue stream somewhere.
1/3 of 4/10s (aka 40%) is what? 13%? Close enough. How many people currently support cutting Medicare 13% overnight?
And that's just one example.
Want to look at the defense budget example next?????
there is clearly 33% waste in DOD. I worked in the defense industry for over 40 years, I could personally find 25%.
and yes, cut medicare by 1/3. cut everything by 1/3.
sooner or later that is going to have to be done. Better now than when the debt is 50 trillion.
you know, somehow the country survived without medicare, medicaid, welfare, food stamps, NPR, PP, the EPA, DOE, etc for many years.
we have allowed the role of govt to far exceed what the constitution mandates. Much of it needs to be stopped.
and yes, I care about poor people and sick people------thats what charities and churches are for.
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