posted by QuakerOats
The turnaround plan, in a nutshell:
1) -- Substantial spending cuts to stop the bleeding.
2) -- De-lever by selling trillions of dollars worth of federal assets; the federal does not need to own half the property, plant and equipment it does. Apply trillions in proceeds to the national debt.
3 -- Require a balanced budget amendment to insulate the taxpayers from such folly in the future. Obviously domestic spending will be slashed (see # 1 above), starting with the handouts first.
I do hope you know this includes the Defense Budget. If everything is on the table, that includes chopping the DOD Budget from its crazy height.
It also, probably means the Wall. Why spend money on the "beautiful" wall when you can just update the existing fencing with less expensive technology. I'm not willing to shell out $21B when less than $10B will do.
Also means agreeing to a new BRAC where we close or restructure a lot of the military bases around the country. That is really needed, yet is not popular in Congress as it does mean communities will lose their bases. You said you want to sell assets. DOD has a tooon of empty spaces at bases.
Finally, also means we probably end up losing a leg of our nuclear arsenal. We are planning to replace all three legs now, and that is costing us about a $1 trillion over the next 3 decades.
I would also add if we cut as much as you say, then there is no infrastructure plan. It would 100% fall to the states to carry the whole load.
I'm not unopposed to your plan, just that it needs to include the DOD and the wall.
