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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 750233  
Subject: Re: Little known facts Date: 11/13/2012 11:02 AM
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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.
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Few things, i just heard the president is meeting with labor leaders today and moveon.org, not kidding, SEIU, AFL-CIO, etc, alot of them. They put out a statement, "no benefit cuts to social programs". Here's the video:

http://video.cnbc.com/gallery/?video=3000129040&play=1

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.
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Just like i thought, eliminating loopholes is not overt enough.
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