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July 27, 2011

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K.N. McBride

We do not have a revenue problem, we have a spending problem. US national debt service alone is now almost half of our defense budget. If we zeroed out the Dept. of Defense tomorrow, we'd still have a massive deficit. The funny thing is that if we can simply slow the rate of spending growth and allow the economy to recover, we will be able to balance our budget.

To put it another way, I wish we could go back to the levels of spending enjoyed by Bill Clinton - you know, when people starved in the streets, etc. No new revenues needed.

Nurglitch

So, I take it you're against raising revenues? A few years back in Canada we had to raise revenues (instituting a sales tax, as well as juggling incomes tax here and there) and cut services. And it would have worked if the federal gov't hadn't decided to cut revenue by cutting taxes and raising spending (which, incidentally, seems to be the co-choice of your political representatives).

Anyhow, love your blog. Give us fair warning when you finally go on your shooting rampage!

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