We can't keep spending like this
National Review
by Grover G. Norquist
07/14/06
On Tuesday, President Bush announced that the federal budget deficit will be $100 billion lower than initially expected due to higher levels of economic growth. This is the third consecutive year substantial downward revisions were made to the deficit as part of the administration's mid-year budget review. The president further claimed that the nation is ahead of schedule by one year in its goal to cut the budget deficit in half. On the surface this appears to be good news. Yet the biggest mistake the conservative movement could make is to focus on the budget deficit. The deficit is an unimportant number that reflects two very important numbers: how much the government takes in taxes and how much the government spends. Fixing a deficit 'problem' can be achieved by raising taxes or by cutting spending -- and raising taxes is always the establishment-approved solution...
http://tinyurl.com/efow4
Informant: Thomas L. Knapp
by Grover G. Norquist
07/14/06
On Tuesday, President Bush announced that the federal budget deficit will be $100 billion lower than initially expected due to higher levels of economic growth. This is the third consecutive year substantial downward revisions were made to the deficit as part of the administration's mid-year budget review. The president further claimed that the nation is ahead of schedule by one year in its goal to cut the budget deficit in half. On the surface this appears to be good news. Yet the biggest mistake the conservative movement could make is to focus on the budget deficit. The deficit is an unimportant number that reflects two very important numbers: how much the government takes in taxes and how much the government spends. Fixing a deficit 'problem' can be achieved by raising taxes or by cutting spending -- and raising taxes is always the establishment-approved solution...
http://tinyurl.com/efow4
Informant: Thomas L. Knapp
rudkla - 14. Jul, 16:30
