Revere
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- Banned
- #281
The agencies' budgets include their respective pension outlays; Therefore the ~$600B I cited includes those amounts.
Maybe I admit it's a problem, maybe not. But first we have to agree on the numbers. I really feel we can't go on any further if we can't. And I hope we do. This will be a nice debate if it stays friendly and we .
I thought we were told that just a few years ago the Clinton administration had a surplus.... yet now we are being told that we can't get that back without major tax increases? After all the added spending that the Bush and Obama administrations have already made? We can't do it? There's some BS in there somewhere.
According to GAO, to grow out of the problem would require double-digit GDP growth for the next 75 years.
According to Ben Bernanke in April of this year:
Unfortunately, we cannot grow our way out of this problem. No credible forecast suggests that future rates of growth of the U.S. economy will be sufficient to close these deficits without significant changes to our fiscal policies.
Also, nobody's calling for major tax increases - The only thing that was ever on the table by anyone this year was a 4.6% increase on wage earners making over $250k - And only on those wages above $250k.
I'm not saying it can't be both. But whatever it is, it's got to be sane and reside somewhere near the real world. Blind ideology does not solve problems, no matter how aggressive its proponents.
There was never any consideration of those tax increases being accompanied by any real spending cuts "on the table."