cb1000rider wrote:RoyGBiv wrote:
How about.....
1. Less taxes
2. Fewer Services/Smaller government
3. Personal responsibility
Answer: Ted Cruz
I'm down with Cruz. How do you suggest we dig out of the massive deficit that we've got currently? Do we do it by having a larger decrease in services / government than we decrease our tax base?
If so, tell me which sacred cows are going to be on the chopping block. I'd really like to know. It'll be really hard without impacting one of the following:
1) Defense spending
2) Social Security
3) Medicaid/Medicare
All of those programs have massive special interest backing as well as mobilizable support bases.
Again, less taxes and less government sounds great. Course, they're pretty standard campaign promises.
The solution to the debt is GROWTH.
We cannot shrink our way out of the enormity of our debt, although we certainly need to shrink the size of government and government services by 80% (I just picked that randomly as a goal

).
Defense is the only thing on your list I would hesitate to cut, but I would certainly cut it. How many defense programs are pure pork, existing only to secure votes in impacted geographies?
None of those 3 are sacred by any definition.
I live my life fully expecting that social security will be dead (or at least means tested) by the time I'm eligible (in about 15 years). Same for medicare. The best solution that's been offered has been Paul Ryan's, but I'm betting there are other good ways to dismantle that particular bureaucracy.
How about we stop providing social services to illegal immigrants? They're here ILLEGALLY BECAUSE WE BAIT THEM WITH FREE STUFF.!!!!
Sweet Baby Jesus.!! (insert Will Ferrell image here) When will we wake up and smell THAT coffee?? How much would THAT save?
Geez... Fixing the debt would be easy if I could be Dictator for 8 years.
Cut spending dramatically. Remove rule-making authority from EVERY government agency and force Congress to approve every new rule proposal. Jobs (growth) would explode.
If you've never taken a basic finance or economics course you'd be doing yourself a huge favor to sign up for one (or both) for free at
Coursera. Here's the growth formula... I'm gonna screw this up, so please forgive me, it's been a long time since B-school..
P0 = D1 / (rs – g)
The value of a thing (P0) = The value of it's dividends (D1) [think of this as profitable activities flowing through the economy] divided by (the required rate of return - GROWTH)... Think of this denominator as the expected return (near zero, maybe 2% these days) minus growth.... If you can follow the math... the result is that as the growth rate increases, P0 grows towards infinity. Growth. take the EPA, the FDA, the FCC, tort reform, Obama (how many jobs is keystone NOT creating right now?), etc. off our back, cut spending to within the confines of the Constitution, and the debt will go away, ala Bill Clinton (who had Ronald Reagan to thank for planting the seeds... )
/soapbox