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We could cut 100% of discretionary spending and might just balance the budget. If you really want a balanced budget, you need to figure out how to slow the gro
by alistairSH 1y ago
We could cut 100% of discretionary spending and might just balance the budget.
If you really want a balanced budget, you need to figure out how to slow the growth of mandatory spending and increase revenue. Neither of which Trump or the GOP seem interested in doing.
- alistairSH 1y agoApparently somebody takes issue with my comment, so here's the CBO's own analysis for 2024[1]. Total Revenue: 4.9 trillion Mandatory Spending: 4.1 trillion Net Interest: 0.9 trillion Discretionary Spending: 1.8 trillion Yes, we could zero out discretionary spending and just barely eke out a balanced budget. We either need more revenue OR a complete reset on the social contract for a long-term balanced budget. 1 - https://www.cbo.gov/publication/61185 https://www.cbo.gov/publication/61185