I have often wondered if anything could be done to save our American way of life now in jeopardy due to the out of control spending of this and previous administrations. The recent election has given me some hope. But that hope has waned as this year’s negotiations in Congress resulted in spending cuts that can be described (at best) as nominal.
The debt ceiling dilemma being negotiated now makes me think that recent gains in the House of Representatives by conservatives are being wasted. My view is we should go the distance on this, regardless of the political flack. I believe it is an all or nothing type of battle. I am not an economist. Neither are most of the folks in fly over country. But we pay the bills, so Congress ought to start listening.
There are many ways to balance the budget, but no Congress–whether Republican controlled or Democrat controlled–will have much of it. In my opinion, the politics of a balanced budget would be a worthy topic for a Voices of the Tea Party e-book.
Here are my thoughts on how the economics of a balanced budget could work:
We could start, for instance, by reducing the budget every year 1% across the board on every department. No exceptions!
We could implement a blue ribbon committee similar to the base closing committee to schedule elimination of all duplicate programs in the next year’s budget. If the budget doesn’t balance, we could reduce all spending another 1% across all the programs again. This process could be repeated every year until a balanced budget is reached.
We could put a freeze on adding any new programs without a corresponding cut of existing programs across the board evenly.
We could require a 60% super majority to start a new program unless there are corresponding cuts in spending to offset increased spending.
The press makes it all sound too complicated to get done. But I believe we can find a solution that works. Our American way of life is in danger. When we attain a balanced budget and reduce taxes we will be on the way to keeping our way of life intact.