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How about we stop spending trillions of dollars instead?
by marcrosoft 6y ago
How about we stop spending trillions of dollars instead?
- LargeWu 6y agoWhere do you propose we make cuts?
- IG_Semmelweiss 6y agoYou dont need to propose cuts. Just freeze everything in place. Thats a big start
- marcrosoft 6y agoStart with not spending trillions on massive bills that use COVID as a scare tactic. Then move to cutting military by at least half and exit all foreign wars.
- mempko 6y agoThat would be great. Question is what do you do about the huge GDP contraction that will happen? If they (the gov) reduces spending then you and me will go bankrupt or go steeply into debt (it's an accounting identity). The better approach would be to redirect spending away from military and into say, debt relief, housing, and health care.
- sumedh 6y agoMilitary?
- hitpointdrew 6y agoYeah, and stop bombing the middle east, and close down some of the 800 (formal) military bases we have around the world. How about the Pentagon takes a 38% (450 bil) budget cut? Which isn't that drastic, it only takes us back a similar Pentagon Budget from 1997.
- oblio 6y agoI agree with your idea but I have to point out that the inflation since 1997 has, apparently, been 65%. So if my math is right, at constant prices, the 2021 US military budget would be $443 bn (constant 1997 prices) vs $282 bn (1997 budget), which doesn't seem as drastic. I'm a bit shocked, to be honest, I checked the inflation just to compare the two budgets and the difference is far lower than I was expecting.
- hitpointdrew 6y agoThat is a fair point. I didn't adjust for inflation, 65% is a bit higher than I would have guessed, for sure.