Hey Lysistrata.
I wanted your opinion and help on something.
Trump last night said in his victory speech that the new budget passed will inflate the debt to 21 trillion dollars.
I wanna know that if some1 tries to cut the spending, what should be cut and why? Also I've read that Social Security, Medicare and Medicaid make up more than 60% of govt expenses. Should they be cut? Has Obamacare also increased govt expenses too?
If taxes can't be raised then how will the govt raise money?
It's true. When George W. took office, the national debt was about 6 trillion dollars. 8 months after George was sworn in, 9-11 happened and sent our economy into hell. George responded with a lot of war that was never paid for... because he wanted a quick economic recovery without anyone at home feeling the pain.
When Barack Obama took office the national debt was about 10 trillion dollars. Barack was sworn in right after the entire Real Estate market of the USA collapsed from decades of continuous over value of property. He responded with endless unemployment checks, expansion of welfare, exploded the food stamp program, mandated health insurance with ever increasing costs, destroyed the coal industry, opened the borders, dismantled the military, and gave trillions of wasted taxpayer cash to his donors, supporters, and henchmen... all on the credit card of the US Federal Government, and that's just the tip of the iceberg. The debt has swelled to over 19 trillion, and the budget that was just signed will increase it more, and more... because the Republicans refused to get in a fight over the budget in an election year. Spineless politicians.
Barack Obama is the first President in history to not have a single year of 3% growth. He's an absolute failure, and it will take a lot of pain to repair the destruction. Trump has already vowed not to cut Social Security and Medicare. He's already vowed to raise taxes on the ultra-rich. The path to prosperity is to get more people working and paying taxes, at the same time he will have to release Government responsibility of many things to the private sector, where they can be properly managed. Many Government agencies must, and will be, completely eliminated. The IRS is a wonderful place to start.
Obama took office on a mission to "fundamentally transform the United States"... not enough understood what that really meant.