March 16, 2011

Reducing the Budget Deficits

An NBC/WSJ poll asks Americans to make choices about how to fill the hole in our budget:
The most popular: placing a surtax on federal income taxes for those who make more than $1 million per year (81 percent said that was acceptable), eliminating spending on earmarks (78 percent), eliminating funding for weapons systems the Defense Department says aren’t necessary (76 percent) and eliminating tax credits for the oil and gas industries (74 percent).
The least popular: cutting funding for Medicaid, the federal government health-care program for the poor (32 percent said that was acceptable); cutting funding for Medicare, the federal government health-care program for seniors (23 percent); cutting funding for K-12 education (22 percent); and cutting funding for Social Security (22 percent).
And how do you think that millionaire politicians who propose the earmarks and whose campaigns are funded by weapons manufacturers and the oil and gas industry will respond to the voice of the people?  I'm guessing they will cut funding for Medicaid, health-care for seniors, Social Security, and public education.  Am I cynical or what?