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Originally posted by: hoops2
Originally posted by: hoops2
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Originally posted by: pjstrohQuote
Originally posted by: hoops2
Just think what the lines would look like if we implemented your 10% across-the-board public employee layoff plan. Hope you are enjoying your tax cuts.
Never said that. I called for a 1% cut in all govt spending. Out of a $3.6t budget the govt can't find $36b to cut?
It doesn't have to be staff cuts. It could be useless grants, purchases of needless equipment, rental of unused office space, - anything.
I have been in finance for years and we could always find a way to cut money if needed.
In a static environment that sounds very doable. However, with a growing and aging population, not so much.
Let's call today's population 300 million and it's growing at 6 million a year.
Today we spend 100 X and will reduce spending by 1X a year.
In five years we have 330 million people but are only spending 95X.