Technically We are at 104% spending to GDP,
Post# of 49870
We are at 104% spending to GDP, 107 Trillion in liabilities of 113 Trillion value.
Government growth and liability has to be lowered 8%. So it is not really a cut. It is reduction in spending.
8% = 96% of spending of GDP and a growth rate of 4% as at 100% you are even. 96% you are paying on the credit card and meeting your obligations.
Considering Deficit runs about 500 Billion per year 8% would mean that would need to be balanced and another 350 Billion saved or 850 Billion.
Obamacare repeal and replace saves 1 Trillion