(02-11-2020, 10:14 AM)The Real Marty Wrote:

(02-11-2020, 07:04 AM)homebiscuit Wrote: Too draconian and massively disruptive. It needs to be a well planned process. Which means Washington can’t do it.

We’re screwed.

Absolutely correct on all points!

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(02-11-2020, 03:34 AM)p_rushing Wrote: The only way anything changes is for Trump to shut the government down until they provide a balanced budget. Don't even ask to cut into the deficit, just make them get a balanced budget for 1 year. No funny accounting, taxes - spending = 0.

If they won't do it, shutting the government down will save a lot of spending while it's closed.

Do you have any idea how they would cut $1 trillion from spending in one year?  And how that large a cut would affect our economy, and therefore, the taxes they collect, therefore deepening the deficit and requiring still more cuts?

I agree, but there are no future savings that are make believe. Any decisions made today with future savings to get to break even are meaningless when the future is changed by the same or different members. The only way to ever get back to balanced is to cut big time. Cut whole agencies.

Markets wouldn't be impacted too much unless you cut from agencies that have regulatory responsibilities. Plus you increase wages if you stop H1Bs, punish companies for hiring illegals, and save tons of money when the illegals can't work and leave freeing up social services money.

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