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Politics : Formerly About Advanced Micro Devices

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To: American Spirit who wrote (366367)	1/10/2008 7:51:45 PM
From: Brumar89	Read Replies (1) of 1573130

Fredonomics Cutting spending is fiscally responsible. Raising taxes just forces the taxpayer to cut his budget. Last night, after I pointed out that McCain had voted against the tax cuts of 2001 and 2003, a reader said why is being “fiscally responsible” a bad thing. I gently pointed out that it is not fiscally responsible to keep taxes high. Fiscal responsibility is living within the taxpayer’s means. Raising taxes is irresponsible. That just pushes on to the taxpayer the tough choices about what to cut. The taxpayer loses his vacation while the conferences in Florida continue. Whee! No one in either party is talking much about cutting the damned federal budget, which is now at $3 trillion a year — nearly $80 billion of spending, spending, spending a day. Fred Thompson finally spoke up, outlining his spending plans. 1. Limit Non-Defense Federal Spending to Inflation. 2. Implement a One-Year Hiring Freeze Pending Completion of Federal Government Strategic Assessment. 3. Conduct a Comprehensive Cost-Benefit Analysis of All Federal Programs. He’s also calling for earmark reform, prosecuting fraud, line-item veto and saving Social Security. Those are nice but unlikely. Those take congressional action. Those first 3 items can be done by executive order. I prefer an across-the-board freeze on all federal spending until the books balance. That would force managers to actually manage their budgets instead of concoct new ways to spend my money. And it would likely balance the budget within a year. The deficit is only $160 billion, or about the size of the annual rise in revenue. Fred’s proposal is a good one and the only hint of fiscal responsibility in this campaign. The whole Fred plan is here. fred08.com blogs.dailymail.com

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