General Discussion
In reply to the discussion: The “Fiscal Cliff” Scam to Maintain Low Tax Rates on the Rich [View all]humbled_opinion
(4,423 posts)Your numbers are flawed the wars cost around 1.2 trillion over ten years not per year and the tax cuts if they all ended for every level would net about 400Billion per year so you get 500 Billion or so but our defict is 1.2 trillion for the last 4 years, plus you have to imagine what kind of impact that incresing everyones taxes by 5 percent some like me who would have to cut something elese back on my narrow budget on a macro scale that would hurt the economy, if you tood the DOD 600B per year budget and slashed it in half you would still have a huge amount of government contractors and civil service and military out of jobs who would than go and apply for their EBT, Foodstamps, Section 8 housing, etc, etc those welfare funds dumped back into the defict thru a deficit in social security.
I will have to study on your final solution because I had not heard about the money that Bernanke screwed us out of.... and as far as recapturing wealth I am in total agreement but Obama will never do that and not enough Democrats in the Senate or House would support it.