Originally Posted by Snarge
No, I just think there needs to be a limit. Sometimes when you think something is fundamental and ubiquitous you don't question it, or worse, you know it should change but instead resign yourself to the status quo...
Sure, but right now we have at least two countries building nuclear weapons with the publicly stated purpose of burning the US down. These might just be insane rants by insane men, but you never know-they might be trying to impress Jodey Foster or something.
Once this silly business of war has ended we can get back to our main job of going deeply into debt without further problems.
After all, it was debt that killed the Soviet Union, not weapons and we have been falling behind in the debt race, we have a debt gap that must be closed.
There is much excess in many areas, and the US borrowed SIX times the stated sequester amount just in the last month.
"At the close of business on Jan. 31, 2013, the federal debt was $16,433,791,850,294.04, according to the U.S. Treasury. At the close of business on Feb. 28, 2013, the federal debt was $16,687,289,180,215.37. Thus, the federal debt increased $253,497,329,921.33 during the month.
In its Budget and Economic Outlook for Fiscal Years 2013-2023, published in February, the CBO explained that only $44 billion in planned federal spending will be cut during this fiscal year as a result of sequestration.
The CBO also says additional cuts that will be “attributable” to fiscal 2013 will actually take place “in later years”—not in fiscal 2013.
“By CBO’s estimate, budgetary resources for defense (other than spending for military personnel) will be cut by around 8 percent across the board, and nondefense funding that is subject to the automatic reductions will be cut by between 5 percent and 6 percent,” said CBO. According to that estimate, discretionary outlays will drop by $35 billion and mandatory spending will be reduced by $9 billion this year as a direct result of those procedures; additional reductions in outlays attributable to the cuts in 2013 funding will occur in later years.”
The combined $35 billion in discretionary cuts and $9 billion in mandatory cuts—or $44 billion--that will actually take place this year equal approximately one-sixth of the new debt the federal government accumulated in February."