- Banned
- #681
In fact, lets talk about what makes up the 1.8 Trillion dollar deficit.
1/4 of the current budget is made up of INTEREST ON PRE-EXISTING DEBT. That would of course be the 10 Trillion dollars worth of debt incurred by Reagan, Bush and Bush II.
Another 1/4 of the Debt is spent on DEFENSE.
And another 1/3 is spent on Medicare and Social Security.
The remaining tiny portion is spent on EVERYTHING ELSE.
Federal Budget Spending and the National Debt
So, what would you like Mr Obama to cut?
Defense, Social Security, or Medicare?
Because he ceratinly can't stop paying the interest on the debt that you people built up, now can he?
1/4 of the current budget is made up of INTEREST ON PRE-EXISTING DEBT. That would of course be the 10 Trillion dollars worth of debt incurred by Reagan, Bush and Bush II.
Another 1/4 of the Debt is spent on DEFENSE.
And another 1/3 is spent on Medicare and Social Security.
The remaining tiny portion is spent on EVERYTHING ELSE.
Federal Budget Spending and the National Debt
So, what would you like Mr Obama to cut?
Defense, Social Security, or Medicare?
Because he ceratinly can't stop paying the interest on the debt that you people built up, now can he?