How does Local budget compare
compare to our US budget?
Here is the US:
Total: 3.5 Trillion ($3,500,000,000,000) = 100%
Social Security 20%
Other mandatory 17%
Interest 5% (84% to here)
Total = 100%
16% of 100% for TARP and Discretionary seems to be where the cuts can be made.
I am interested what some of you think that we could cut in the other 84%. to balance the budget and pay some on debt.
Maybe we just don't have enough income!
Now local budget:
Mostly debt service and personnel.
Which one do you want to cut.