Writes Jeff Deist:
Federal revenues…were about $2.1T in FY10, and they appear on track to be about the same for FY11. So assuming fedgov collects the same $2.1T in FY12, Congress simply needs to adopt the 2003 budget. That’s it. That’s all it takes to balance the budget in 2012.
Yet our Republican and Democrat friends want to take 10 years, or even 30 years, to accomplish this.
Was the federal government really too small just 8 years ago, in 2003?
Of course a balanced budget is no lofty goal. The real focus should be total spending by government.