Originally Posted by Brian Carlton

Define "big chunk" in actual dollars.

Do you think that reducing the military by 25% is just about the maximum that anybody would accept?

How much is it in dollars?

Still think it's a "big chunk".

Do some actual research.

Originally Posted by Brian Carlton

If they aren't conservative, and they aren't liberal.............what would you call them?

Originally Posted by greazzer

I do not believe one needs to be a financial genius to figure out that the last 5 years have been devasting to the US. For example, this FY (2013), we paid $415,688,781,248.40 interest on our debts. This does not include the overhead costs to "manage" the public debt and interest. Government - Interest Expense on the Debt Outstanding Who knows how much we pay to manage our debts and interest, but I am guessing it's a lot.

The US will bring in around "Total federal tax revenues in fiscal year 2014 are projected to be $3 trillion" Where Does the Money Come From?

So, to compare the FY and "project" the last few months for the calender year to compare apples with apples so to speak ... and guess what, about 1/6th goes just to interest (500B/3T). That also gets rid of the months which overlap ... no double dipping for the liberals at heart.

Now, assuming interest rates cannot be maintained at near 0% forever -- who wants that investment -- and they jump to a meager 2.7% within the next few years ...the interest payments jump to almost 1 trillion a year. That's about 1/3rd of what we bring in. Yes, of course, our BO wants to seize the wealthy's income for his ingenius progressive social agenda which is nothing more than buying votes and to promote his views of justice or fairness. Take every penny BO. That will pay less than one year's worth of interest on the debt. But, once its gone, its gone. Who can he then chase for money ?

What happens when the interest on those debts jumps to around 3.7% ? Almost every penny we rake in will need to go to interest payments. That of course ASSUMES we will not spend one more cent on any government spending. It all goes to interest payments.

Do we or will we have any inflation, even when we print zillions of dollars ? How long will the US dollar be the world's reserve currency ? Better yet, will ObamaCare cost the taxpayers one penny ? I was told my insurance premiums will drop around $2,500. Guess what, they have not dropped. I am guessing "free" health care will cost something.

Will history be so kind to BO ? The media loves him, but will the historians ?

Originally Posted by Brian Carlton

7.5% from the military is $50B.

The current budget is $3T.


See the problem here?

Originally Posted by Mike Murrell

OK...have Obama take x% of my SS dinero. What the F**K. Do ask him to bring some vaseline...show a little compassion. I suppose he'll next want x% of my 401K and x% of the money I had the presence of mind to save over the years.

OK Mr. Carlton. I just bent over. It's your turn.

Originally Posted by SwampYankee

Absolutely. Even a "reasonable" cut with negligible effects is an unrealistic expectation. What's needed will never happen. We can't even "start somewhere."

Originally Posted by Brian Carlton

You bet I did.

I'm still waiting for you to refute anything that he stated in the link.............if you even bothered to listen to it.

Originally Posted by elchivito

The usual scary Stansberry sales pitch.
Uh huh. Nothing there to refute.

Originally Posted by panZZer

Myself- I cant waste the time, I got 3 yrs of Stanberry BS in the old yahoo box,

Originally Posted by greazzer

Setting aside any personal attacks on "Porter Stansberry", whoever he is, here are some facts about the World' Reserve Currency Issue:

Year 1999: US Dollar was 71% of the world reserve currency
Year 2012: US Dollar was 61.20% of the world reserve currency

In 13 short years, it dropped 9.8%

The US economy has slid from a peak of 32.2% of world GDP in 2001 to 23.7% currently, or a 8.5% drop.

Looks like 9.8% and 8.5%, respectively, seem to go hand-in-hand to some degree.


Dollar 'losing grip as world's reserve currency' - Currencies | IOL Business | IOL.co.za

Quite frankly, the media and those who benefit from the federal gifts may be satisfied by BO's endless campaign speeches, but money and the real global players could care less. Because the decline seems to have been accelerating as the debt grows and the debt-acceleration go hand and hand, I am thinking the decline will speed up much quicker in the next few years. I am also guessing that our consitutional scholar of a president will somehow blame Bush, who does in fact have a share of the blame, but our BO has made it a point to rapidly increase the debt.

I wonder why ?

Originally Posted by P.C.

We're too big to fail...

Originally Posted by rs899

I have spent practically my whole career (33 years) in defense. I think 25% of the dollars spent are pure waste. We could likely have the same stuff for half off if we bought it intelligently.

It's probably the same story in the rest of government. Why would it be different?