A recent NY Times article noted that Republicans promised to end “fiscal recklessness,” yet they have been tremendously free-wheeling in creating yet more debt with, say, a new spending deal “…that would blow through the caps imposed by the 2011 Budget Control Act.” The article goes on to note that “…the long-term implications of all this borrowing put the United states on track to ultimately owe more to its creditors than the economy produces over the course of a year.” And, the nation’s debt tops $20 trillion now… First off, we need to tighten our belts and pay this off so our kids don’t inherit it. Secondly I told the Delphos Herald newspaper in Ohio: WE NEED SOMEONE IN DC WITH A CALCULATOR THAT WORKS! Then they would use that calculator to total all the revenue that came in in a given year. And then here’s the game plan: The federal government wouldn’t spend any more than it had. Common (fiscal) sense. Note: While campaigning in Wyoming, I saw a front yard campaign sign of a woman running for state auditor. It had her name at the top, then read: “Tightening Wyoming’s Belt.” She won… In our travels, I talked to a small town CPA at one point who said his business didn’t do so well last year — so his family had to “ratchet down expenses.” Why wouldn’t that be any different for the Federal Government, he wondered.
