Biden for Prez

Originally Posted by markj

Raising the age for SS and Medicare would be a good start. Maybe a 10% haircut for the military. Stop all foreign aid to countries that hate us. Sure would like to have those pallets of cash back from Iran that Obama sent.

But remember that social security is mostly funded through payroll tax. So you are effectively raising taxes if you make people pay longer before collecting.

Let’s say you get ALL of the Obama Iran cash back, and let’s assume that it wasn’t unfrozen Iranian assets but rather our money to begin with, and let’s assume it’s at the very high end at $2B. I’ll even let you assume that you could save that much every year rather than it being a one time payment. Only 798B to go.

Foreign Aid is $22B. Assume we cut half of that…. So $787B to go.