Donald wrote:We have a revenue problem and a war problem, not a domestic discretionary spending problem. .... On the spending side, health care reform should save 1.0% GDP. Ending the wars yields 1% GDP, and reforming military procurement will get us 1.5% GDP in savings.
Health care reform is not going to save 1% GDP, at least in forseeable future. I expect the costs of medicaid and subsidies are going to run way over projections, the economy is much weaker than expected 3 years ago when Obamacare costs were projected. Bending cost curve is going to come over decades, and involve changes to delivery system, not just insurance.
the military is not going to be slashed by 1% GDP. I wish.
Painful spending cuts are coming, in everything from student loans to medicare. I wish your dream was true. You are setting yourself up to be deeply angry when Obama makes his compromises. Take a look at Simpson-Bowles - something like that is coming.