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To: SeekAndFind
All of these candidates deny fiscal reality. In the next 10 years, revenues will need to increase by 40 percent simply to keep federal spending even...

Then let's not keep federal spending even.

-PJ

32 posted on 11/01/2015 6:31:19 AM PST by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: Political Junkie Too

RE: Then let’s not keep federal spending even.

We don’t even need to keep it even. The former Congressman Connie Mack has proposed a plan that both Rush Limbaugh and Sean Hannity like — THE PENNY PLAN.

See here:

http://www.foxnews.com/opinion/2011/08/04/why-rep-connie-macks-penny-plan-is-worth-second-look.html

Mr. Mack’s bill, H.R. 1848, would cut one-penny-out-of-every dollar actually spent by the federal government from year-to-year for the next six years, from FY 2012-FY 2017. Beginning in FY 2018, there would be a budget cap of 18% of GDP (the average federal revenue as a percentage of GDP over the past 30 years). And by FY 2019 America would finally have a balanced budget – that is, assuming revenues naturally increase from the current 14.8% of GDP to 18% of GDP by 2019, after which the budget would be in surplus.

Unfortunately, the man got voted out in 2012 (Together with Col. Allen west). Thanks Florida.


38 posted on 11/01/2015 6:51:38 AM PST by SeekAndFind
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