There is a group of very wise people in Chicago. I’m not part of their conclave. I might like to be.
WARNING, THIS IS FAIRLY LONG AND WILL REQUIRE YOUR BRAIN.
OK, now for the few that are left:
They have come up with a plan to trim spending such that all Iraq, Katrina, and other spending can be done and useless federal spending and federal tax loopholes are closed. After it’s all done there is a budget surplus.
It is so common sense it will never be implemented.
Everyone’s ox gets gored.
But, If we were serious about balancing the budget we would do this.
We won’t do this, but those who know will keep peoples feet to the fire. People who make the decisions to do it can do anything if they decide to. Unfortunately we don’t elect these folks. There is no bacon to bring home if the pork is trimmed. You can’t get re-elected without bringing home bacon.
There are a few of these that will happen. Agriculture is about to get the axe. Education. Energy. Prescription Drugs. Some Highway.
The wailing from Alaska will be palpable.
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