12/01/2010

Newest Fox News piece: Who Knew? Cutting Government Spending IS Actually Possible

My newest piece starts this way:

Federal government spending is on a course with disaster. $2.7 trillion has been added to the national debt in just 2009 and 2010. Under current budget plans, the federal government's debt will likely exceed our income in just over a decade from now. President Obama's Debt Commission (The National Commission on Fiscal Responsibility and Reform) released its solution today.
The commission, composed of twice as many Democrats as Republicans, proposes limiting federal government revenue and spending to 21 percent of GDP. Assuming that promises are actually kept, that would mean an increase in what revenue the federal government has traditionally taken in and a return to what government spending has been prior to the huge surge we have seen over the last two years. -- Over most of the last 60 years, federal government revenue has been about 19 percent of GDP. Spending over that period has been around 21 percent or less.
To make up this revenue, . . .

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1 Comments:

Blogger LB said...

This is sort of off topic.

"For instance, the Department of Education should be eliminated altogether as education is not the federal government's business to begin with."

It definitely isn't in the Constitution. But based upon the Constitution, it doesn't seem that people have a right to care concealed weapons either. Your not exactly protecting a community, territory or law, involved in a non-government force, or expected to be called to arms. Obviously, you cannot have a nuclear weapon either.

12/03/2010 9:43 PM  

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