New budget proposal

tater · 02-12-11, 08:41 PM

I didn't watch.

The analogy of the title of course would need to be a family that spends a huge chunk of it's annual income on a crazy credit card shopping spree (the so-called "stimulus"), THEN decides to try and live within a budget. (a family making 50k a year goes out and blows 20 grand on a fancy dinner in NYC, THEN lives within its means).

Lock spending at 2007 levels. Include "entitlements"—if that requires lowering rates of increase, or even cutting benefits to 2007 levels—tough. Debt service should literally come off the top of the entitlements, too. After maybe 10 years, allow the budget to increase at the most conservative inflation rate—and it should decrease if there is deflation to match.

02-12-11, 08:41 PM	#4
tater Navy Seal Join Date: Mar 2007 Location: New Mexico, USA Posts: 9,023 Downloads: 8 Uploads: 2	I didn't watch. The analogy of the title of course would need to be a family that spends a huge chunk of it's annual income on a crazy credit card shopping spree (the so-called "stimulus"), THEN decides to try and live within a budget. (a family making 50k a year goes out and blows 20 grand on a fancy dinner in NYC, THEN lives within its means). Lock spending at 2007 levels. Include "entitlements"—if that requires lowering rates of increase, or even cutting benefits to 2007 levels—tough. Debt service should literally come off the top of the entitlements, too. After maybe 10 years, allow the budget to increase at the most conservative inflation rate—and it should decrease if there is deflation to match. __________________ "Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one." — Thomas Paine