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cyberfly00 asked in Social ScienceEconomics · 8 years ago

lower us debt cut foreign spending?

anyone think a good way to reduce the US debt would be to cut all foreign spending to zero except for humanitarian aid for 5-10years. to bad chances of it happening are slim to none to many idiots running the US government

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  • 8 years ago
    Favorite Answer

    No. "Foreign spending" is hardly a drop in the bucket. You could cut foreign aid AND the entire military budget twice over, and the US is still running a deficit and accumulating more debt.

    It's not remotely true that a default is inevitable. However we clearly cannot "reduce debt" by any strategy at any time in the near future. (Nor is that necessary.)

  • Anonymous
    8 years ago

    It'd probably mean more problems for the countries who receive aid. That said, countries such as India needn't receive aid, if they made more effort to actually assist their own people. A good option would be to cut military spending and all the money the US government pays to private military contractors - it'd mean the US government would have a greater ability to help those most in need in the midst of this ongoing economic meltdown. I'm not much of an advocate for cuts to public spending in general, and I'd like to see greater government spending at this moment in time to account for the deleveraging of the private sector and those who accumulated huge amounts of private debt.

  • 8 years ago

    The US could cut 100% of military spending and 100% of foreign aid, and it would still be adding to the debt each year. It is impossible for the US Federal Government to avoid a default. It's wishful thinking.

    Source(s): www.zerohedge.com
  • Anonymous
    5 years ago

    of direction it takes the two to get the monetary residing house so as yet there are actually ineffective, ineffective expenditures that can actual be decrease, there is huge waste in gov't, each workplace, dept, cupboard and so on. ought to be thoroly assessed to be sure what could be decrease, what relatively is important and so on. once you are able to not meet your duties, you initiate off seeing what you are able to decrease which you do not want and SS? properly while FDR become president this become a application to assist people to have something for their retired years, a supplement, not a mainstay it began out at a million% of gross, and the corporate matching, of direction this has stepped forward via the years despite the fact that it maintains to be that the worker and his company have contributed to the fund, it become was hoping that as this money become invested it might advance and that the retiree would relatively have a beneficial good sum to assist his retirement years

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  • 8 years ago

    .The US spends way too much on their military machine.So who is the threat,used to be the communists.Now it's the islamics.Just who will be next.The reason for 911 was because of the US's blinkered view of the Middle East

  • Anonymous
    8 years ago

    Debt is a roof in economics.If you cut it,you will get wet.

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