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Runole

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: April 05, 2011, 10:54:04 AM

http://www.npr.org/2011/04/03/135095859/republican-budget-makes-4-trillion-plus-in-cuts?ft=1&f=1001

While that may be one suggestion here is my suggestion


Remove troops from Iraq and Afghanistan , ending the drug war, stopping any entitlements for illegal immigrants surely would come close the $400 billion a year required to reach that 4 trillion reduction in a decade.

Illegal immigrants ='s 100 Billion

http://abcnews.go.com/Business/illegal-immigrants-cost-us-100-billion-year-group/story?id=10699317

Iraq and Afghanistan ='s 144 billion

http://www.fas.org/sgp/crs/natsec/RL33110.pdf

Drug war ='s 40 billion in enforcement
40 billion prison costs

http://www.drugsense.org/cms/wodclock

Money lost from tax and regulation='s +$47 billion a year



$400 - $100 - $144 - $80 = 76 Billion a year add $47 billion in revenue and that looks like about 30 Billion left in additional cuts needed.

Drug War?

http://www.cato.org/pubs/wtpapers/DrugProhibitionWP.pdf

Additionally with a little friendlier Corporate tax situation.

Make the US a desirable place for large American Corporations to locate their Home offices. Currently the US has 35% corporate tax rate by locating over seas corporations can reduce that to about 15 to 20%. The US needs to compete with the rest of these countries. Even at a 15 % rate would be better than getting a big fat (0) at present not to mention all those jobs that would become available with home offices in the US.

"Chambers told Stahl Cisco has almost $40 billion overseas that could be brought back to the U.S.

The total amount of money U.S. companies have trapped overseas is $1.2 trillion. Chambers is advocating for a one-time tax break to allow them to bring that money home at a rate of, say five percent. That would, he says, stimulate the economy and create jobs.

http://www.cbsnews.com/stories/2011/03/25/60minutes/main20046867_page4.shtml?tag=contentMain;contentBody

Finally about that Military industrial complex and perhaps being a bit more frugality would be in order as the video points out...




Now all we need is leadership with conviction and greatness to make such prudent decisions.


cyberdude558

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#1 : April 05, 2011, 01:01:00 PM

So here is how I see it...please check to see if my math is correct....

Say we have $1.5 trillion dollar deficits every year for the next 10 years. That means $15 trillion added to the national debt over that time period.

We cut $4 trillion out of the budget over the next 10 years. So 15 minus 4 equals 11. So that means our choice is Obama's plan which adds $15 trillion to the debt or the GOP plan that adds $11 trillion?

These cuts arn't enough.

Runole

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#2 : April 05, 2011, 02:30:19 PM

So here is how I see it...please check to see if my math is correct....

Say we have $1.5 trillion dollar deficits every year for the next 10 years. That means $15 trillion added to the national debt over that time period.

We cut $4 trillion out of the budget over the next 10 years. So 15 minus 4 equals 11. So that means our choice is Obama's plan which adds $15 trillion to the debt or the GOP plan that adds $11 trillion?

These cuts arn't enough.


agree

I do believe with my suggestions those expenditures wouldn't be 1.5 trillion deficits every year.  There definitely needs to be huge downsizing in the government and even more unnecessary pork.




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