The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE


Subject:  Re: Little known facts Date:  11/13/2012  11:02 AM
Author:  2828 Number:  654928 of 876380

Entitlement spending is the biggest and fastest growing part of the budget. It needs to be spayed as well as dehorned ASAP!

DoD budget is now less than 17% of federal outlays and declining. In a short time entitlements + debt service will consume >100% of federal revenues.
Few things, i just heard the president is meeting with labor leaders today and, not kidding, SEIU, AFL-CIO, etc, alot of them. They put out a statement, "no benefit cuts to social programs". Here's the video:

Then i read this:

Democrats also looked unwilling to budge, sticking to their demand for higher rates for the rich.

"Unless you're willing to deal with rates ... you don't really touch the very wealthiest Americans," Rep. John Yarmuth, a Democrat from Kentucky, told MSNBC.
Just like i thought, eliminating loopholes is not overt enough.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us