[quote=SK in CV]
It is the other spending, primarily defense, that has to be cut. The two wars we’re fighting have already consumed almost 10% of the national debt, over $1 trillion. Current defense budget is close to $700 billion. That’s where the cuts will have to come from if the budget is ever to be balanced.[/quote]
Just to nitpick in case you’re a product of LAUSD, you could cut 100% of the defense budget and you still have another 1/2 trillion to go to balance the budget.
Balancing the budget is nothing to do with actually getting rid of the debt.
