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Friday, Aug 22, 2014
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PRAIRIE GROUCH  
GRAND PRAIRIE TX  
March 13 at 1:17pm
 
Publicola......My solution would be to reduce
spending by two percent across the board until
the budget is balanced and the debt is starting
to be retired. Pick and choosing what some consider]
unnecessary but others consider essential will
never succeed. I am more than willing to live with
a two percent reduction in my entitlements if others
are of the same mind. I think that the term
"shared responsibility" might apply.
At this point, I believe that any debt cap would
just result in chaos and cause a default on our
debt obligations leading to the demise of the
dollar as the worlds' reserve currency.
Russia and China with other smaller nations are
already floating that idea.
There is a plan that would balance the budget
in 2019 by reducing spending by one percent a
year (real reductions). After that Federal spending
would be capped at 18 percent of GDP. Of course,
two percent would get us there sooner.
In short, I prefer a small hammer and chisel rather
a sledge hammer which has the potential to break
more than intended.
     
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