Quote:
Originally Posted by Azure
I actually don't think the problem is that serious.
The US just needs to implement a fair tax, with some additional taxes for the 'rich' people, and cut $500 billion from the budget immediately.
Sure, people are going to suffer, but that is the price you pay for spending money like crazy for so long.
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Its the $500 billion thats tough to handle. If you're going to cut you're going after the major rails of their government policy. Social Programs, or defense.
The U.S. military budget is at $664 billion, which sounds like a lot, but it represents 4.3% of their GNP. Now I get numbers anywhere from 664 to 948 so who knows, it looks like their biggest budget chunk is pensions at 900 billion.