MrRodgers -> RE: The looming deficit problem (1/12/2017 11:06:53 AM)
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ORIGINAL: Musicmystery However, the federal deficit hasn't risen since 2009. Now, for the first time since 2009, the bigger deficit will push the national debt to 77 percent of gross domestic product, the highest level since 1950, this year -- 2017. That's the concern . . . the huge deficit going forward. Personally, I think ignoring it or making it even larger is reckless. However many people want to dismiss it. Two ways. 1) cut spending the largest target being the safety net, i.e., Medicare, Medicaid, food stamps, SSI and SS. We only refer to these because there is no govt. accounting for corporate welfare which of course will not be cut as the main reason and purpose of a repub majority in both houses. 2) Add revenues which would mean taxes on the middle class that is all but broke or the top 20% the top 5% of which are also repub political sponsors. I am not holding my breath for either although as of Jan 20, 2017, the political power will be in place for no.1.
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