Midweek Recap—”What Entitlements Would You Be Willing To Cut…
by Don on Jun. 10, 2009, under Uncategorizedin order to control federal spending? These are the highlights of the practical ** responses I received:
Close down federal facilities that aren’t adding value to the community
Have the public approve state and federal spending programs directly, through referendums, instead of having elected officials vote on them.
Apply FICA to all incomes—no cutoffs
Eliminate corporate tax loopholes
Make Medicare universal, by requiring everyone to join.
Cut ALL foreign aid for one year
Cut retirement pay and Social Security by 20% for anyone who’s 45 or younger.
A clarification on what I mean by “entitlements.” Basically, it’s anything that results in the Federal government sending you a check. That means retirement pay, Social Security, GI Bill benefits—anything that results in a check.
Several commenters have protested that they have earned these benefits. I don’t disagree there. But, the whole point is, the Federal government doesn’t have the money to pay for these benefits. Right now, in order to pay its financial obligations, the US government is going further and further into debt.
Shouldn’t we all be willing to give up some of the benefits we’ve earned, so that our grandchildren won’t be broke? We are, after all, the ones who spent gazillions of dollars we didn’t have.
Pretend that your elected leaders are listening. Pretend this is your chance to give them constructive suggestions, ideas they can REALLY use to address our fiscal woes.
What suggestions would you offer? And, what are your thoughts on the options italicized above?
** No, Leftfield, we’re not going to transform ourselves into Cuba. Thanks for playing, though.
