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View Full Version : Bloomberg: Tea Party's Balanced-Budget Dream Will Take Decades




Sola_Fide
11-26-2010, 03:54 AM
http://www.bloomberg.com/news/2010-11-26/tea-party-s-balanced-budget-dream-will-take-decades-even-for-deficit-hawks.html



"You don’t need to literally balance the budget to get the debt under control,” said Donald Marron, a onetime economic adviser to President George W. Bush. “What you need are deficits to be small enough so that economic growth means the debt is going down relative to the size of the economy,” he said.“It’s always nicer to be able to say you’re going to balance the budget, but that’s a harder goal than stabilizing the debt and bringing it down slowly,” said Marron, now director of the Washington-based Tax Policy Center, a joint venture between the Brookings Institution and Urban Institute.

Matthew Zak
11-26-2010, 04:04 AM
Hey, at least there's a dialogue now. lol

cindy25
11-26-2010, 04:27 AM
without military empire cuts (I will not say defense cuts) and welfare cuts (not entitlements, WELFARE) it is impossible

Zippyjuan
11-26-2010, 01:27 PM
You can't ignore defense cuts either. Everything has to be reduced if you eventually want to balance a budget. Talking is a first start but let's see what actually happens when the newly in power Republicans write their first budget and see how willing they are to actually cut anything. Reducing Empire would probably cost additional money for the several years needed to move people and personnel from overseas based and build/ find new places to put them in the US. The costs of having those bases is included in the DOD budget so if you want to cut them you will be cutting the DOD budget as well. If you simply move them back to the US and don't elemintate their positions then your costs of moving are added on but the savings from getting rid of them are not realized so that does not help you get any closer to a balanced budget.