Military spending is around 20-25% of spending. We double-waste more on bureaucrats in other parts of government. “Double-waste” because their adverse effect on the economy exceeds the wastefulness of their salaries and benefits. We are now in a country where we work to support pampered bureaucrats primarily.
Just to be clear, the Fed doesn’t steal the revenue from Social Security, the SS Administration has to invest the funds, and they have invested them in treasury bonds. The result has been that for the last thirty years deficits haven’t mattered, since there was a ready buyer for bonds, the SS Administration. The next 10 years are going to be very interesting, and very different. The SS Administration will have a huge deficit, meaning they will have to sell/redeem the bonds. Who will the buy the bonds from the SS Administration? With ongoing Federal deficits, who will the Federal government sell debt to now?
As for military budgets, yes, they are probably too high. They run about 4% of GDP, and that could be halved it we didn’t try to be the world’s policeman. Yet, even cutting it in half, the US would still have a huge deficit, and it would not alter the problem all that much. Furthermore, it would also un-employ a lot of of people working for the military and in defense industries. What would become of them?
Wilde Bill almost 8 years ago
“Are we missing something?”Yeah, a punch line.
Renatus Profuturus Frigeridus Premium Member almost 8 years ago
99 percenters vs. 1percenters
jbmlaw01 almost 8 years ago
Military spending is around 20-25% of spending. We double-waste more on bureaucrats in other parts of government. “Double-waste” because their adverse effect on the economy exceeds the wastefulness of their salaries and benefits. We are now in a country where we work to support pampered bureaucrats primarily.
whiteaj almost 8 years ago
Social Security and Medicare are supposed to be self-funding. Except that the Fed keeps stealing the revenue.
Carl R almost 8 years ago
Just to be clear, the Fed doesn’t steal the revenue from Social Security, the SS Administration has to invest the funds, and they have invested them in treasury bonds. The result has been that for the last thirty years deficits haven’t mattered, since there was a ready buyer for bonds, the SS Administration. The next 10 years are going to be very interesting, and very different. The SS Administration will have a huge deficit, meaning they will have to sell/redeem the bonds. Who will the buy the bonds from the SS Administration? With ongoing Federal deficits, who will the Federal government sell debt to now?
As for military budgets, yes, they are probably too high. They run about 4% of GDP, and that could be halved it we didn’t try to be the world’s policeman. Yet, even cutting it in half, the US would still have a huge deficit, and it would not alter the problem all that much. Furthermore, it would also un-employ a lot of of people working for the military and in defense industries. What would become of them?Lyons Group, Inc. almost 8 years ago
Yes I would hate Mondays too…if it involves alcoholism.
wildfiregal almost 8 years ago
and I thought most of the budget went for expensive toilet seats…
neverenoughgold almost 8 years ago
What was the subject of today’s comic?
I seem to have lost track…
writchey1 almost 8 years ago
Decent artwork.
sidharthvadduri almost 8 years ago
LOL everyone is flaming Tom