Source:Learn Liberty- Professor Antony Davies giving a little lecture about the Federal budget. |
"If the U.S. government cut all government services except Social Security, Medicare, Medicaid, and payments on the debt, federal spending would still outpace revenues. Prof. Antony Davies argues that there are not specific cuts that will enable government to balance the budget. He says, "Nothing less than a redesign will solve this problem." That redesign should begin by determining what the proper role of government is."
From Learn Liberty
To use hyper-partisan, left-wing Democratic language but do it in a paraphrase: we can't literally balance the Federal budget on the backs of poor people. Even if you like that idea, the money simply isn't there.
To use hyper-partisan, left-wing Democratic language but do it in a paraphrase: we can't literally balance the Federal budget on the backs of poor people. Even if you like that idea, the money simply isn't there.
The non-Social Security-Medicare-Medicaid, social welfare budget is around 50 billion-dollars, in a Federal budget of about 4 trillion-dollars. We have an annual budget deficit of over a trillion-dollars today.
You could eliminate the entire non-Social Security-Medicare-Medicaid budget and programs, and still be 900 billion-dollars short of balancing the Federal budget. Antony Davies didn't use this language in his video, but that's essentially what he's saying here.
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