Question #2 - Once the budget has been balanced, should we enact tax cuts to "let the people keep their own money" or should we allow surpluses to grow and pay off the existing debt?
Monday, May 18, 2009
How Long Should it Take to Balance the Budget?
The GOP section has been complaining about Obama's budget. It begs the question, how long should it take to balance the budget? We all know that Bush inherited a surplus and promptly pissed it away in an orgy of tax cuts and spending. Obama inherited a $1.3T deficit. So, how long should it take him to balance the budget? That was Question #1.
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2 comments:
I guess to "Rich" answer (non answer), he should stop growing it by leaps and bounds first (damn, I just can't get that non answer thing right).
Who knows, honestly, the central planners think things like that can be...planned.
What he should do is promote economic growth with tax cuts and reduced govenment spending (see "soak the rich" post above).
Raise the retirement age, control COLA's. Agressive business write off's to encourage investement.
Second question. I don't know. If our government was not so big we would be awash in money.
How about both?
But...what if? Carbon taxes choke the economy, Card Check establishes uncontrolled union power, producers continue to flee or work less hard and government spending continues to escalate. No, you won't answer...I know.
Who knows, honestly, the central planners think things like that can be...planned. Yes - you do need to plan budgets, anticipate revenues and expenditures and create a game plan. Otherwise, you might just have massive deficits and nothing to show for it. Um, hey, wait a minute…What he should do is promote economic growth with tax cuts and reduced government spending (see "soak the rich" post above). Brilliant! We can balance the budget the same way that Reagan and Bush did. Let me guess - your best quality is learning from your mistakes, isn’t it? Raise the retirement age, control COLA's. Aggressive business write off's to encourage investment. I actually agree with your first and third points above. Leave the COLAs alone. Second question. I don't know. If our government was not so big or if Bush simply managed to raise revenue on a par with Clinton we would be awash in money.
How about both? Nope – lets pay our bills first. Rings a bell – lets see – WJC said “Save Social Security first!” in his 1998 State of the Union speech and the GOP proceeded to ignore the suggestion. But...what if? Carbon taxes choke the economy (I support heavy revenue neutral carbon taxes, which won’t choke anything), Card Check establishes uncontrolled union power (our middle class will grow again – we need all of our service workers “wearing the union label”), producers continue to flee (like they haven’t over the past 30 years?) or work less hard (then they will be branded unpatriotic pussies) and government spending continues to escalate. No, you won't answer...I know. It won’t happen. If government policy is not working, it can be changed unless we have a really stupid president that is afraid to admit when he is wrong. Okay – now how many of my questions did you answer?
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