The Prime Minister says that he wants to involve the public in deciding what should be cut to start reducing national debt. Personally I want to scream when they say they will ring fence the NHS and education. Why? I've worked in both and there's clearly lots of waster.
Anytime government does anything there is waste. What is their incentive to eliminate it? The government isn't concerned with controlling costs or maximizing profits, they measure success by how much they grow their budgets!
Britain, like Greece, the rest of Europe and the USA need to cut everything, particularly entitlement programs.
I think the first thing to cut would be the civil service. I have friends who work for the department of work and pensions (is that the name? can't remember!) anyway, their response to the current situation is yes, its bad, we are freezing what we offer jobseekers to save money, oh and our contractors will have to stop work at the end of their contract. Er yes, but what about permanent staff? Any cuts there? No. We'll just keep the same staff and find them other things to do. Ok thats probably a bit harsh, but it wouldn't be a bad place to start looking. I work for a council and we are already down to bare minimum - literally, so any cuts mean jobs-therefore services go. I don't know what the answer is, but I do know given half a chance I would remove the power of government to run/interfere/set targets for nhs or education. They should fund them, but they should be run independantly by people who know the business and can plan long term and without political agenda.
Sorry! What a rant! Didn't know I had it in me...lol
For some reason foreign aid has also been ring fenced. While it is good for prosperous countries to aid poorer countries, I don't see why the UK should keep on pumping out billions in foreign aid when our own economic situation is so parlous. Surely we need to cut this down a bit and get our own house in order and pay off our own debts. Then when we are economically heading in the right direction again, we can start upping the amount of foreign aid.
by Ralph Deeds 6 years ago
Paul Krugman:" Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds...
by Max Dalton 6 years ago
Are higher taxes the best way to reduce the budget deficit?It seems like that coupled with a reduction in defense spending would be a good start, but there's still a lot more that will need to be done. I think people are discounting how much pain is going to be required to pull the deficit down to...
by John Coviello 2 years ago
With a New President Coming In, What Do You Think Will Happen To The U.S. Budget Deficit & Debt?We have a New President of the United States taking office with big spending plans and big tax cuts. What do you think will happen to the U.S. budget deficit and debt over the next four years?
by alexandriaruthk 6 years ago
What is the most drastic way to cut budget deficit in the US?Tax increase, reduce social benefits which includes food stamps, disability pensions, old age social security, cut all foreign aid assistance? What do you think?
by Madison Miller 7 years ago
Could we fix our budget deficit by cutting back the Federal Government's budget by 1% per year...for the next 20 years?
by cascoly 8 years ago
just how are the republicans proposing to reduce the deficit of a trillion dollars when cutting...ALL discretionary spending would still leaverhundreds of billons in debt? what part of defense, social esecurity, etc are they going to cut?
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