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#11 | |
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Living Legend
Join Date: Aug 2008
Age: 59
Posts: 21,745
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Re: Obama Care
Quote:
The current debt = 11,600 billion dollars. The current discretionary budge is 1,182billion dollars. assuming we cut 25% from the military, and do not increase non-military spending (a VERY generous, highly improbable assumption) we could pay down the debt at a rate of 200billion/year 11,600/200 = 53 years. now of course we don't need to get it to 0, but of course we aren't dealing with 0% loans either. Nor is the discretionary budget really a valid number, since it assumes borrowing in order to spend that. So if you add in the projected deficit of 400billion this year, even by cutting 25% of the military spending - which again you and i atleast could probably find an agreeable way to do that - we would not be subtracting 200billion, but adding 200billion to our national debt. so, again, I will say, how does a person who scoffs at the reliance of others on mystical creations, find it in his ability to rely upon the mystical wallet of government. |
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