October 16th, 2008

Balancing the Budget - No Easy Task

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I find the Nextel ad that uses firemen acting as legislators baffling. The chief with the gavel wants to balance the budget and reduce taxes but build better roads and provide clean water.

It reminds me of McCain last night who also wants to balance the budget in four years from a half-trillion deficit while making the Bush tax cuts permanent. Where is the revenue to balance the budget going to come from? Cutting earmarks? Even if you eliminate all earmarks you save only $18 billion; a mere three percent of the deficit. Mind you, the U.S. is still at war in two countries spending nearly $10 billion a week and threatening more wars. Even if the Drill Baby Drill tactic succeeds, it will be more than 10 years before you see any difference in the oil prices provided of course, cars still run exclusively on gasoline.

At the end of the day if you’re in a meeting trying to balance the budget, you’ve to ask show me the money. Contrary to what the firemen say, it really isn’t the easiest job you’ve done. At least you know when the fire is put out.

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One Response to “Balancing the Budget - No Easy Task”

  1. The Settlers Says:

    Hi Patrix, very rightly said, all McCain wants is to cut taxes (base of money generation for the government) and freeze sepnding of all kinds.

    I like the way Obama rebuts saying that spending needs to happen at key places which are needed for continous growth and future building. Things like education, alternative energy sources et al. Also, the way he plan to tax the richest and cut taxes for the lower class.

    However, whoever wins, will need to walk the talk, which is very very difficult.

    Keep well,
    Cheers

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