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In reality, balancing the budget is very simple. Modest spending restraint is all that's needed. That doesn't mean it's easy, particularly in a corrupt town dominated by interest groups, lobbyists, bureaucrats, and politicians.
ReplyDeleteBut if we take tax hikes off the table and somehow cap the growth of spending, it can be done. This video explains.
[youtubevid id="xezWd7VU2Ug"]
And we know other countries have succeeded with fiscal restraint. As is explained in this video.
[youtubevid id="Xnhb0JwS_7A"]
Or we can acquiesce to the Washington establishment and raise taxes and impose fake spending cuts. But that hasn't worked so well for Greece and other European welfare states, so I wouldn't suggest that approach.