Pick Your Cliff, Part III: Spending

Okay, now that you have agreed to raise revenue and eliminate loopholes in the prior posts, you can start slashing the budget.  While some might claim that welfare cheats having 10 babies, undocumented immigrants using our ED system, et al. are whittling away at our national generosity, in reality, they use a small portion of the budget.  We in the middle class benefit much more, often in subtle ways, which we do not even recognize.  In addition to cutting federal program or agencies, consider that, if we follow the 10th Amendment to the Constitution, we might just be shifting some budget item, say education, from federal spending to state spending.  Hold onto your wallet, you might need it at the bottom of this cliff.

Again, I list various government agencies in general terms.  Use the comments section to outline specific plans you would have for budget cuts.  For instance,  in 1935, when Social Security started, life expectance for someone reaching age 21 (this elimiated downward estimates because of infant and child deaths) was about 78 years.  Thus, the goverment estimated paying social security pensions for 13 years after the retirment age of 65.  Life expectancy has risen into the mid- to high-80’s now, this adding half a dozen to ten more years of social security payments for many retired citizens.  One suggestion for restore the mission of social security and keep it funded is to raise the age at which someone could access social security funds to age 70 or 75 years.  Part of the original concept of Social Security was to provide a safety net to prevent elderly peolpe who did not have incomes from loosing homes, food, and basic necesities.  It was never intended to pay for the retirement house on the golf course or cruises.  Another possible way to reign in Social Security  expenses would be to make it means-tested.  Essentially, if someone has investment income, work-tied pension funds, Individual Retirement Accounts, 401k’s, etc., they should live from these.  When those are exhausted, then they could access Social Security payments.  Well, I look forward to some creative government spending suggestions.

Advertisements

About hermitsdoor

Up here in the mountains, we have a saying, "You can't get there from here", which really means "We wouldn't go the trouble to do that". Another concept is that "If you don't know, we ain't telling." For the rest, you'll have to read between the lines.
This entry was posted in Reflections and tagged , , . Bookmark the permalink.

2 Responses to Pick Your Cliff, Part III: Spending

  1. Barneysday says:

    Significant cuts in the Defense department are long overdue. The F-35 project should be cancelled immediately, saving hundreds of billions of dollars. Cut the pork at the top. 1000 Admirals and Generals? Really? Cut the ridiculous TSA. These nincompoops standing around frisking children and little old ladies is a disgrace. The largest zip code for farm subsidies? 93720. An enclave of huge mansions on manicured, gated lawns, in the middle of Fresno, and miles from the nearest farm acreage.

    • hermitsdoor says:

      Sounds like a huge pension loading problems, which is the 800 pound gurrilla in the budget. Don’t cut me out of my highest paid three years before retiring! Thanks for the specifics.

This Hermit's Door is Open: Step in & Share Your Opinion

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s