Obama was in the news today suggesting a 4 trillion dollar (12 year) plan to cut the deficit. I would kindly suggest the President modify his plan to a 12 trillion dollar deficit cut. Well as this article suggest it’s not really a 14 trillion dollar cut – its actually a 1 trillion 200 billion tax cut. I just times it by 12 to figure out the 12 year plan (14 trillion) like all the smart people do in the Government. Why they do that I don’t really know. Each year we create a new budget anyway and vote it.
You can read my previous article here: https://www.emeraldcityjournal.com/2011/04/american-government-why-bankruptcy-is-the-best-option-now/
I updated it, however, so we can reach the 14 trillion dollar deficit cut in 12 years like this:
In the link above you’ll see I cut many departments that came to: 728 billion.
I suggest we make every man, women, and child make a $100 donation so that would come to: 310 billion
The Feds take 2 trillion a year from us for taxes each year and since we are cutting half the programs (see above) at least 25% of that could be saved each year: 500 billion.
That adds up to 1.2 trillion x 12 (for the important 12 year plan which makes everything look good) = A 14 trillion dollar deficit cut (+400 billion positive revenue).
Now seriously, I write this in part with laughter. But if you really think a 4 trillion dollar deficit cut (over 12 years) with Obama is going to make it happen you’re sadly wrong. First that is 333 billion a year. Last Friday when they were negotiating the Government shutdown they blew 8 billion in a week. 52 weeks in the year folks that is 448 billion dollars for doing nothing. This isn’t even a drop in the bucket to repair the mess we have going on.
We need to be cutting atleast 1 trillion a year.