Ederik Schneider Online

Freedom or Totalitarianism

Freedom or Totalitarianism
Liberty or Death

Tuesday, March 12, 2013

The Atlantic: Fiscal Policy: Elspeth Reeve: "Paul Ryan's Budget Fixes a Problem That America Doesn't Have": What is Fiscal Responsibility

Paul Ryan's Budget Fixes a Problem That America Doesn't Have - Elspeth Reeve - The Atlantic Wire

Fiscal responsibility is not about balance budgets or deficit reduction. Is simply about priorities, these are the things that we need to spend money on, this is the money that we have and if thats not enough to. Spend on the things that we have to spend on for our own economic health, this is what we can afford to borrow. The old saying of if everything is a priority, then nothing is a priority is so true because its a simple recognition that money isn't indefinite and there's a limit to the amount of money we can spend. Which is why both Congressional Democrats and Republicans want to pass a Federal budget this year to set priorities and get. Back to regular order and this is what we need the Federal Government to do. And when Federal Government sets priorities and has a budget, then they have fiscal responsibility.

A balance budget especially in a good economy would be a great thing and would allow us to stop adding to the national debt. And actually allow for us to start paying down the debt but a balance budget shouldn't be a priority over everything else. What our number one goal should be is to have a strong economy producing strong and sustainable economic and job growth with falling unemployment and. Poverty and without these things we'll never have a balance budget because we'll always have too many people collecting from public assistance in order to pay its bills. So attempting to balance the budget now with weak economic and job growth and doing nothing to strengthen economic and job growth and. Bringing down poverty, you might be able to reach that goal on paper but even if you do that, you'll still have a weak economy. With perhaps even more people on public assistance with all of the cuts you've made. Which will drive up your debt and deficit in the future.

I believe its now a good time to get the debt and deficit under control since the debt is now larger then the economy as well as growing faster. But as long as its done in a way that doesn't hurt the economy by cutting things we have to invest in to have a strong economy. That also goes along with some type of economic and job growth act that moves this economy forward. So we can start growing at 3-4% again with two hundred thousand jobs created each month with falling unemployment and poverty. Things that we have to have to ever balance the budget and keep it in balance.