Funding Government by the Minute

At the rate the federal government spends, it runs out of money on July 31. What programs should be cut to balance the budget and fund the government for the remaining five months of the year? Cutting NASA might buy two days; cutting the Navy could buy fifteen. It seems that balancing the budget may require more than just cutting government programs. What should be done?

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[Antony Davies]

Close. Cutting medicare, medicaid, and social security balances the budget.

The bad news is that by "cut social security," I mean stop paying out but continue collecting the Social Security payroll tax.

[mrjo0e1]

What did the government spend all it's money on during the first 7 months?

[MisterChartreuse]

A LOT of blow, I'm guessing

[balduran2003]

“We can reduce the federal government to nothing more than a glorified assisted living facility and we still wouldn’t be able to balance the budget.” That is the best line ever!

[rkb100100]

duh

[tempersne]

Why do we have to honor the promises made by corrupt politicians to people whom should have known better than become dependant on the government? Why is it right to force people to pay for services that they will never get?

[Keith Peters]

Balancing the budget has very little to do with taxing the rich more

[FurryMurry7]

That's because if he did say that in this video, it would be EXTREMELY redundant.

A week before this video, he uploaded an ENTIRE video about how "...the interest rate on the debt is at an historic low and will most likely rise in the future."

The video is at: /watch?v=ID4xay5RITY

[WHATISUTUBE]

I love this channel

[nahiag]

The things he said at the end, "The only things left: Social Security, Medicare, Medicaid and Interest on the debt" (one thing he ignores is that the interest rate on the debt is at an historic low and will most likely rise in the future).

[CrimsonGuard1992]

I heard somewhere that in ancient times, civilizations like Egpyt and Greece would whipe detbs clean. They essentially whipe the slate clean and start over. That is never going to happen, but at the very least they should cut the interest rate. 14 trillion dollars in debt is more money than anyone can ever have.

[OriginalKarasu]

1 word. Dam!