JoeTheEconomist
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- Sep 4, 2015
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View attachment 69109
Ok so roughly 33% of the federal budget is discretionary spending. To balance the budget will require more than just cuts in discretionary spending.
One of the huge drivers of medicare and social security is the baby boomer generation retirees. We have an enormous number of old people drawing benefits. I think the current stat on ratio of those paying in for those receiving is 3:1 where as it was 15:1 when we started the program.
How do we get there?
1. do we cut social security benefits?
2. do we gut medicare?
3. do we lift the cap on taxed income?
we can talk about cutting food stamps or eliminating the department of education or cutting farm subsidies or foreign aid but those are such small pieces of the pie. Everything has to be on the table
Yes, yes and yes.
Trump will eliminate it all and make America great once more. At least that is what I hope.
The OP is about entitlements, which Trump believes will not be touched much less eliminated. In order for you to get what you hoped, just in SS, the Trump economy would need to create 40 million new jobs.