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To: mdittmar

Freeze at current level for 5 years. Get rid of baseline budgeting. All you need.


3 posted on 11/17/2011 9:34:06 AM PST by edcoil (I grew up in a country that was honest, I am growing old in a country that is not. I am sorry.)
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To: edcoil
Freeze at current level for 5 years. Get rid of baseline budgeting. All you need.

All we need to accomplish what? We have 2.5T in tax revenue and a 1.5T deficit. We'd have to grow tax revenues almost 10% a year to get to a zero deficit in 10 years, and by that time we'd be close to another $10T in debt, $25T in total.

And in the mean time, we would have wasted all that money on HUD, DoE, etc. We are also going to see government expenses rise as the boomers retire. There is no easy answer any more in the idea of 'freeze and grow our way out'.

What growth in tax revenues we can expect as we continue to clean up the current banking mess (if we actually do clean it up) will be sucked up by growing payments on debt alone.

48 posted on 11/17/2011 10:18:38 AM PST by slowhandluke (It's hard to be cynical enough in this age.)
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