Isn't the only way to stop running deficits each year is to cut entitlement spending?

Question

In 2018 the deficit was $779 billion and the military budget was $700 billion, so if you cut the military budget to zero which of course will never happen, you would still have a deficit of &79 billion. And it is likely if the Democrats were able to implement all the new taxes they think there should be and put all the tax rates where they believe they should be you would still have a deficit. And that deficit is only going to get bigger no matter who controls the government

Answer 1

You are entirely correct that this is the only way. WE do still need to reduce the military budget, but we can only do that if we are no longer burdened with being the police force for the entire world. Some others bring up more taxes. This won't work. Trump decreased taxes and we saw a very slight increase in revenue.



If you understand the laffer curve, this means that we are sitting near the peak of the laffer curve and a change in either direction is likely to have little consequence on the amount of revenue we are able to bring in.



The Laffer curve is pretty easy to justify as being true because at zero taxation, the government brings in nothing, but at 100% taxation, the government also brings in nothing. Thus clearly it has a peak. Also as clearly, we can tell where we are on the peak when a reduction in taxes lead to more revenue.



I find the leftists here to be the most hypocritical lying sack of excrement I have ever witnessed.



You want to claim it was Bill Clinton and not the Repub Congress that temporary saw no deficit? Cool, then you should be for reduction of the deficit. But INSTEAD you are for the Green New Deal and Medicare for all that will quite literally destroy the budget.



MAKE UP YOUR DAMNED MINDS!!! Do you want a balanced budget or not. Stop acting like you are for a balanced budget while you have AOC talking about deficit spending and just printing more money.

Answer 2

Cut entitlements and eliminate MANY federal departments and directorates. We do not need a FEDERAL department of education, housing and urban development, commerce, labor, veterans affairs, interior, energy and the department of homeland security can be repealed. DHS was a political move that accomplished nothing more than an expansion of government. Return the responsibility to the states which are better suited to deal with all of these areas.

Answer 3

or we could repeal Reagans trillion dollars a year tax break for the rich , and bush's trillion dollars a year tax break for the rich , and trumps 1.5 trillion dollars a year tax break for the rich . they are not working as promised . no jobs were created , not a dime ever trickled down to the working man .

Answer 4

Currently entitlement spending and debt service is over twice that amount.

Answer 5

Our congress determine every tax and all expenditures.We, by voting/not voting , can determine what taxes, what debt, and what expenditures we are willing to have. Congress does not always reflect the will of the people because the majority of the people do not engage in the process.

Answer 6

Obviously not no.



Cutting entitlements is only one portion of the problem, defense and spending on wars and foreign aid, or less money for tax cuts and/or stimulating the Economy is another method. Raising taxes is another.



Finding and agreeing (between Democrats and Republicans) on waste in the spending is still another way.

For example, the ACA cut 700 billion from Medicare waste, but Mitt Romney in the most



diabolically



misleading



true statement



ever,



phrased that as



"Obama took 700 billion from Medicare to pay for Obamacare."



It was healthcare providers and Medicare Part C Insurance companies that were reduced 700 billion (over 10 years)



There are many other ways reduce and stop running deficits, for that matter

Answer 7

Clinton saved Medicare despite the rep pressure and still balanced the budget.

Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?



A: Yes to both questions, whether you count Social Security or not.

https://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/



The formula he used was simple. He spent less (military/welfare reform) and increased revenue on the wealthy (he got the money f/ where most of the money is, not the rest of us).

We know slashing revenue w/ no way to pay for it balloons the deficit. Reagan, gwb, and trump all did that and the righties love them even though the super vast majority of the free money goes to the elite. The rich get richer and the debt skyrockets.

Don't let those rep politicians convince you you have to sacrifice to compensate for the way they pander to the elite.

Answer 8

GOP has owned the US House, US Senate, US White House off and on for many years.



PLEASE tell me what the Republican Party / GW Bush / GOP House / GOP Senate has done to accomplish sheet relative to the USA Budget, Annual USA Budget Deficit, etc...



This should be an easy question if you TRULY believe there's a difference between Republicans and Democrats. Thanks.

Answer 9

If you are really interested there was a bipartisan commission established under Obama that devised a plan to eliminate the deficit in 10 years. Congress did not implement anything they recommended.

Answer 10

Is entitlement spending the money you use to help the people in the country?



What patriotism!

Answer 11

About 2/3 of ALL government spending goes to entitlements and social programs.



Here is a chart from the government's own OMB (Office of Management and Budget) that illustrates that fact.

.

Answer 12

That is not the “only way” that is the way regressives prefer. Punish the poor and elderly by cutting “entitlements” while rewarding the “successful” by cutting taxes on millionaires billionaires and corporations outsourcing jobs. We could cut military spending to $500 billion, end the wars and global occupation that is roughly $300 billion a year, that is $579 billion off of the deficit. If we end the tax cuts for millionaires billionaires and corporations outsourcing jobs as well as foreign aid, you would eliminate the deficit entirely.

Answer 13

NO



We do not need to cut entitlements in the area of

Social Security, Health, Veteran Services, etc.



The federal gov’t can stop throwing away money.

All we need to do is stop govt corruption.



Here is just one of thousands of examples of

money being wasted by govt:



https://www.youtube.com/watch?v=tEcJVKFNs-E

Answer 14

You suggest there is one and only one factor determining the deficit? This is over simplification to the point of absurdity.