IMO, the only way to effectively cut our deficit is to cut spending ASAP and to keep all future spending on-budget and transparent.
We can get rid of a lot of spending with a few moves. First, close at least 600 foreign military bases. They are not necessary to the security of our country. Foreign bases are a drain on our treasury and a direct monetary transfer to the countries that host those bases. Bring home the military personnel, administrators, and their families. We will all be better off.
Next, drop a couple of carrier groups. Our Navy does not need to be able to project aggression all over the world. No other country has this force.
Next, drop the support for ethanol, and all other price-supports for agricultural programs that steer so many millions of dollars to ADM, Monsanto, etc, while making basic foods more expensive for US citizens.
This is not an inclusive list. I hope others can chime in.
The GOP fantasy that we must attack deficits by cutting Medicare, Medicaid, and Social Security, is just that. A fantasy that cannot work while keeping our most vulnerable citizens covered by at least a minimum social net.
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