A different perspective...
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It’s pretty simple. The Federal budget needs to be set at a percentage of GDP. Any deficit spending requires equivalent cuts elsewhere OR congressional approval.
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Good, interesting article. It underscores that the war on federal employees (of which there are many doing great jobs, but also many doing jack shit) doesn't really have an impact. I loved the phrase "the federal government is just a medical insurance company with an army".
Here's the chart in the article btw. Not sure how this would impact individuals, but it's a roadmap of sorts. What they really need to do is pass a 20-year plan to reduce spending, deficit, and debt. Minimize impact but get on a trajectory for fiscal health.
@89th said in A different perspective...:
there are many doing great jobs, but also many doing jack shit
That's Congressman Jack Shit to you!
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Medicare physician reimbursement has not kept up with inflation in more than 20 years. What does line 2 propose to do?
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It’s pretty simple. The Federal budget needs to be set at a percentage of GDP. Any deficit spending requires equivalent cuts elsewhere OR congressional approval.
@LuFins-Dad said in A different perspective...:
The Federal budget needs to be set at a percentage of GDP.
There goes Keynesian economics and the nearly century of stability and prosperity that come with it.
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@LuFins-Dad said in A different perspective...:
The Federal budget needs to be set at a percentage of GDP.
There goes Keynesian economics and the nearly century of stability and prosperity that come with it.
@Axtremus said in A different perspective...:
@LuFins-Dad said in A different perspective...:
The Federal budget needs to be set at a percentage of GDP.
There goes Keynesian economics and the nearly century of stability and prosperity that come with it.
Forgot about the deficit?
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Good, interesting article. It underscores that the war on federal employees (of which there are many doing great jobs, but also many doing jack shit) doesn't really have an impact. I loved the phrase "the federal government is just a medical insurance company with an army".
Here's the chart in the article btw. Not sure how this would impact individuals, but it's a roadmap of sorts. What they really need to do is pass a 20-year plan to reduce spending, deficit, and debt. Minimize impact but get on a trajectory for fiscal health.
@89th said in A different perspective...:
What they really need to do is pass a 20-year plan to reduce spending, deficit, and debt.
For me, the problem is that most most of the politicians do not want to take a long term viewpoint. They are too worried about the next election. So, while the above makes sense, hard to get them to do it.
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@89th said in A different perspective...:
What they really need to do is pass a 20-year plan to reduce spending, deficit, and debt.
For me, the problem is that most most of the politicians do not want to take a long term viewpoint. They are too worried about the next election. So, while the above makes sense, hard to get them to do it.
@taiwan_girl Exactly, the blessing and curse of short terms. This is where I would hope Trump would step up and say "here is a 12 year plan to get our financials in order" (yes that takes it through two terms for Vance).