SS, medicare and defense take up...did I hear about 80% of the budget. Politicains don't want to touch it, but SS and medicare owed out to those paid in is over 60 trillion and both are broke. Politicians will pass the problem another two election cycles, but both will need major cuts. Most americans know the programs will probably be gone in 15 years.
Spending on a large war machine obviously hasn't helped the economy, not to mention the high profits go to a small percent and the total cost of war, rebuilding nations nils any gain to the US economy. I think the military budget this year even under Obama is over 700 billion.
We have more than 700 bases worldwide, a few 100 in Europe left over from the cold war, over 70 in Germany alone. I think Europe can protect itself. Why we maintain such a large cold war military status is nothing but waste. I'd shut down 100 of them and move them to our border.
What's ruined america is a corporate elite estate. Just 1% of people now hold over 40% of all US wealth, 20% hold 80%, compared to the 60's-80's when 60% of us held 80% of all wealth. Sadly, the GOP led us there under the disguise of free markets, improper regulation and called it capitalism. Corporations no longer work for america in a global economy, they pander to an elite class.
Both the Dems and GOP have spent like mad, trillions, nothing gained and broke....the big question is who's pockets got lined with all that money...a chosen few...it didn't just vanish.
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