Saving over $1tn a year in annual Corporate Welfare is VERY EASY.
Then give the middle class and poor LARGE tax cuts.
Increasing the tax thresh hold by $7,500 would cost less than $500bn a year and would be a HUGE economic stimulus.
It would also reduce unemployment instead of increasing it - like the fiscal cliff deal does.
Stop spending $105bn a year for 7,000 mercenaries still in Iraq.
Don't spend $88bn on the Afghan war - get out NOW.
Drastically cut the $170bn a year currently being spent on building and supplying foreign military bases.
Cancel all contracts with mercenaries.
Cancel the $1.45tn project for the new stealth plane.
Cancel the ~$500bn project for new submarines.
Review EVERY defense contract to either cancel it or save money.
Stop the over $100bn a year on Medicare fraud.
Reduce the price of drugs or go generic earlier.
Stop the $200bn a year of annual Pork.
Stop the tax breaks for multinationals that allow them to pay zero or very little Corporation tax.
Stop the futile war on drugs that costs $200bn a year.
More details on my blog
"ian56 blogspot very easy"
"ian56 blogspot fiscal cliff deal financial analysis"
N.B.
Huffington Post hardly ever post comments with links, here they are.
http://ian56.blogspot.co.uk/2012/11/it-is-very-easy-to-cut-1tn-from-federal.html
http://ian56.blogspot.co.uk/2013/01/fiscal-cliff-deal-obamas-corporate-sell.html
The article on Huffington Post is a complete load of garbage.
It is trying to pretend that less than $50bn a year of spending cuts is going to cause a recession when the middle class and the poor just got handed a HUGE $200bn tax hike in the fiscal cliff deal.
http://www.huffingtonpost.com/2013/01/30/jobs-deficit-austerity-po_n_2582371.html
The proposed cuts are to the wrong things - see above.
The Federal Reserve is bailing out the big banks to the tune of about $1tn a year in the shape of QE3 and QE4,
Which is causing price rises in food & gas, lowering disposable incomes, lowering GDP growth and increasing unemployment.
That needs to be stopped too.
http://ian56.blogspot.co.uk/2013/01/the-2tn-of-excess-bank-reserves-is.html
Wednesday, 30 January 2013
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