Warren Newson wrote:
rajingsoul wrote:
To those who are somehow "against" what he is doing or don't like the way he's doing it, what is your alternative plan? Hyperinflation? The wealth gap continuing to grow even more than it is now?
There seems to be an assumption that we can just continue on like this forever, but we can't. This is a fact.
Currency debasement and inflation have destroyed most civilizations that have existed.
The idea that this hurts "unemployment" numbers is totally backwards. By that logic, why don't we just employ every person in the country by the federal government?
Regardless of political ideology, what we are doing right now is not sustainable. The federal government can't be a jobs program, and our debt is an existential crisis.
The debt also continues to facilitate an upward redistribution of resources from the lower classes to the wealthy. We are at a point where .1% of the population owns more resources than the bottom half. This is almost exclusively due to debt spending and the Federal Reserve.
At some point, the whole thing will break.
So what is the alternative?
Aren't entitlements and defense spending far and away the biggest federal expenditures? Wouldn't any meaningful deficit reduction plan have to make cuts in both those areas?
They're two of the biggest, and defense spending should absolutely have cuts, but I believe HHS has an even larger budget than the DoD, despite the country getting much less healthy over the past few decade. And there are some other massive departments as well.
I personally would like to see all of the intelligence agencies drastically reduced and to create some sort of state-led coalition for national law enforcement.
The CIA would be a bit tougher since they're international. There is just so much duplication between all these agencies, and they're all totally corrupt. They have been since their inception.
Entitlements are their own thing. Those are bankrupt too. We could probably make them solvent in a number of different ways, but there is no way they can remain as is because there aren't enough working people to support the retirees. They've talked about raising the retirement age, raising the contribution cap, or transferring to some type of different system altogether.
The politicians have stolen from the entitlement programs too. It's all a mess.