Cut Social Security and Medicare Now! or America goes broke Really? We have other options and now we have numbers for some of those options.
the Department of Defense budget is slated to be $664 billion in 2010 (including the cost of operations in Iraq and Afghanistan previously funded through supplementary budget legislation), higher than at any other point in American history, but still 1.1–1.4% lower as a percentage of GDP than the amount spent on defense during the peak of Cold-War military spending in the late 1980s. Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, has called four percent an “absolute floor”.[3
China’s defence spending has risen by nearly 200% since 2001 to reach an estimated $119 billion in 2010—
End both wars and reduce America’s defense budget $ 664 billion to twice China’s defense spending $119 billion.
Twice China’s defense budget 119* 2 = $238 billion
$664 – 238 = $426 billion dollars worth of savings.
Next Lefty Idea Sell the gold in Fort Knox gold goes up as the dollar goes down so selling the gold now while the dollar is weak makes sense Buy low sell high. Its not like that gold is earning us interest or otherwise helping our economy just sitting there so lets use it.
$1525.13 an ounce at today’s prices 147.2 million ounces Hmm? to keep the math simple 140,000,000 million * 1000 = 1,400,000,000,000 thats 1 trillion 400 billion dollars we can get right now today.
Add 1 trillion 400 billion dollars to the $426 billion we already saved and we get $1 trillion 826 billion dollars of savings.
Comparison of the health care systems in Canada and the United States are often made by government, public health and public policy analysts. The two countries had similar health care systems before Canada reformed its system in the 1960s and 1970s. The United States spends much more money on health care than Canada, on both a per-capita basis and as a percentage of GDP. In 2006, per-capita spending for health care in Canada was US$3,678; in the U.S., US$6,714. The U.S. spent 15.3% of GDP on health care in that year; Canada spent 10.0%.
Public, Private who cares a cost is a cost no matter who you pay what really matters is how much is the total cost and what you get in return for the cost. At 15.3% GDP product spent on healthcare for some instead dropping to 10 of GDP and healthcare for everyone plus the longer lifespans and lower infant mortality of the Canadian system would definitely spur the economy.
$14.7 trillion 5% 0f which is $739 billion in savings to our National Economy Public and Private spending on healthcare!
739 billion + the $1 trillion 826 billion dollars of savings we already got = $2.565 Trillion dollars of savings to the government and Private economy!
Rescind the upper-income tax cuts in the tax deal Repealing the 33% and 35% tax brackets,
reinstating the limitation on itemized deductions and personal exemption phase-out, ending capital
gains and dividends tax cuts, and returning the estate tax to 2009 parameters would save roughly $95 billion over 2012-14 (tax-year 2012 spills into FY2013 and the capital gains tax cut spills into
Take the $2.565 Trillion dollars of savings to the Government and Private economy we already have add in the $95 billion over 2 years divide by 2 so we see the 1 year gain and heck lets say its just $40 billion to keep the math simple and deliver a low estimate I prefer low estimates in case something goes wrong.
$2.565 Trillion + 40 billion = $2,605 trillion dollars!
Progressive estate tax Our budget rescinds the estate tax in the tax deal and replaces it with Sen.
Sanders’ progressive estate tax. This would generate $173 billion over 2012-16
$173 biilion / 4 years = 43.2 billion
$2605 trillion dollars = $43 billion = $2,648 Trillion dollars of savings total so far to the government and private economy.
Please add in your ideas to cut the budget , raise funds or cut expense in the private economy.
Preferably with links and numbers:)
The American Society of Civil Engineers puts the price tag of upgrading America’s infrastructure at a staggering $2.2 trillion over five years.
We have $2,648 Trillion dollars we can get in a 1 year period now we only need 2.2 trillion to fix our infrastructure over 5 years.
Lets use the savings for 2 years to fix our infrastructure construction costs go up with overtime and weekend, holiday pay as well as a rush job for quality materials never mind good wages.
We can create jobs boost our economy get consumers spending, boost state and federal tax revenues and then 2 years later start using the $2,648 Trillion dollars a year savings to pay down the debt.
I am uncertain how much should be spent on green power but thats something we can figure out later.