The spending cuts won't affect military payment, social security or Medicare. This means that all nonessential federal programs will be affected, along with some infrastructure. In my state, I know that educational is taking a huge blow, but -- because of our conservative governor -- the money lost is being taken away from programs that only help a small portion of the population, namely the poor.
I'm actually pretty excited for this. A 5% reduction in spending, across the board, is going to be nice. This next fiscal cliff will (hopefully) force an even deeper set of cuts, mostly in social spending.
Whether people realize it or not, this is going to happen in the future if we don't face it now. And I assure you that, when we're a hundred trillion dollars deeper, it's going to be much more difficult.
God bless the Republicans for making a stand.
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[quote]God bless the Republicans for making a stand.[/quote] They're half the problem...
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Yes, they've contributed to the debt. However, I don't think it's fair to say that they've contributed as much as the Democrats; in fact, it's factually inaccurate. The Republicans have consistently been opposed to nonessential social spending, despite supporting a high military budget. Ultimately, the cuts need to happen where they're most unneeded: Entitlements.
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The problem the Republicans face is that they are so stalwart is preventing defense cuts. The fact of the matter is, if we want to get the defecit and debt down eventually (Never going to happen, realistically), Defense Spending needs to be cut as well. There is NO way we need to be spending as much as we do on the Military - we outspend the other top 9 members combined (Or Top 5. I always forget). Democrats want to cut Defense but prevent Welfare cuts. Republicans wants the reversal of that. Both sides are at fault, both sides couldn't come to an agreement, and the Republicans are most likely going to take a hit with public relations over this because they are letting it happen.
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Our military spending isn't the problem -- it's that we pay ridiculously amounts of money for stupid items. For example, because many company's know that they can bilk the shit out of the military, they'll sell them single wrenches for $60. Granted, they're high quality wrenches, but they're nowhere near that value. We could actually accomplish a lot if we left our defense spending as is but regulate how it's spent. Social spending needs to shrink if we want to force people out to get jobs. Obviously we need the jobs, but the combination comes when you reduce taxes and restrictions on those who create the jobs.