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Old 04-06-11, 05:46 PM   #39
Bilge_Rat
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Join Date: Apr 2002
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Tater,

I dont disagree. Limiting spending to 20% of GDP is entirely doable since it was more or less the historical average.

What is not doable is: limiting spending to 20% of GDP, plus cutting taxes as well and expecting to balance the budget.

There is no magic formula. To balance the budget, you have to cut spending, which means cutting programs or services and raise taxes to generate revenues.

There is no free ride, every other country in this situation has had to bite the bullet and make tough decisions.
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