[quote=EconProf]And entitlements, which dwarf defense and other discretionary items, were not even touched. [/quote]
Entitlements are sacrosanct, especially to the Dems, which view them now as almost a birthright.
I’m all for cutting the Defense budget, although I cannot see how this will be anything but a disaster in the midst of two wars.
Until we get serious about cutting entitlements, tax reform, and honest fiscal reform, we’re going to see this drama played out numerous times over the coming years.
If you take half the budget outlays and essentially make them off-limits, you’ll get exactly what we have now: Drastic cuts to the other half of the budget, including discretionary (which includes infrastructure), while ignoring the proverbial elephant in the room. This is a massive wealth transfer from the young(er) to the elderly and is completely unsustainable over the coming years.
