us fed deficit $1,406,000m
govspending $3,518,000m
largest items
medi care $757,000m
soc sec $689,000m
defense $659,000m
pensions $189,000m
total of major items $2,294,000m
the rest $1,224,000
fed taxes - $2,112,000m
solution
raise taxes 20% = $500,000m
us has high unemployment
if economy turns spending on soc sec would halve
reduce spending by $300,000m
reduce spending on defense -pull out of all overseas bases
reduce spending by $350,000m
reduce rest by 50% $600,000
total spending cuts $1.2trillion
raies taxes $500,000m
$1.7trillion - deficit $1.4 = $300,000m paid off debt
the us is debt free in 40 years
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- lets have a rational discussion about us debt
lets have a rational discussion about us debt, page-51
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