Nothing to see here
August 7, 2011 8 Comments
It is unfortunate that our political leadership (on both sides) seems to have been a product of the US educational system, and thus are unable to perform simple mathematical calculations. I noted before that defense and discretionary spending could be entirely zeroed out, and we still would be spending more than we are taking in.
Clearly, we will need to raise taxes. But even more clearly, the spending rate needs to be cut far more drastically. The Senate has not managed to pass a budget in years, and the rest of the leadership is wholly feckless.
Here’s an idea: let’s start with the 2007 budget, balance it, and then let folks argue for their favorite interests starting from balance.