She spoke to that.
You must grow the economy. She is absolutely spot on. You really must. She spoke of taking immediate actions that would free up economic growth which is now in big government chains.
Cut cap and balance was a great concept, but she covered that ground too. You cannot bind future Congresses to cuts down the road. You can pretend, but you can’t make it happen for real.
She didn’t cover this, but I am. The Balanced Budget Amendment would get an up or down vote. That’s all. A vote. Even if it passed, a long process lies ahead for ratification.
And depends on what version of an amendment...there are many, and even Dems would vote for some versions because they think they could raise taxes in the end.
I like her stress on a growing economy. Our revenues are in part lacking because we aren’t growing, many are unemployed and on public assistance - the latter, further draining the treasury.
We have far too many lawyers in Congress these days, imho.
IF one party has political power especially the dims,they generally have the ability to get what they want done either through exec. fiat or through legal gerrymandering of sorts. What is right or wrong for the country has long since been an issue,especially with the left.
Did she happen to list any of those items?
The BBA was part of cut, cap, and balance. Yes, it is a long process, but a journey of a thousand miles begins with one step.
I like her stress on a growing economy. Our revenues are in part lacking because we aren’t growing, many are unemployed and on public assistance - the latter, further draining the treasury.
Growing the economy does grow revenue, but that is not going to be done overnight either. Moreover, if we don't fix our structural problems associated with the entitlement programs, we will be no better off. 10,000 baby boomers are retiring every day and will continue to do for the next 20 years. By 2030 one in five residents of this country will be 65 and older, about twice what is now. And there will be two workers for every retiree compared to 3.3 today and 16 in 1950. This has major ramifications in terms of the entitlement program costs and our ability to support them.
Medicare already spends more than it receives in dedicated taxes and premium payments. As baby boomer retirees begin to flood the system, the impact will be felt by every other federal program:
• Currently, Medicare claims about 15 percent of federal nonentitlement tax dollars.
• By 2020, Medicare deficits will claim one in every five federal tax dollars that are not already dedicated to Medicare and Social Security.
• This means that in just 9 years the federal government will have to stop doing one in every five things it does today if taxes are to remain at their current level and projected Medicare benefits are paid on behalf of the disabled and the elderly.
• By 2030, the deficits in Medicare will claim one in every three general revenue dollars; by 2050, they will claim one in every two.