Tuesday, February 15, 2011

Never-never land!

I have been taking the House Republicans to task in recent postings for failing to face up to the magnitude of the Federal debt problem and proposing small, ineffectual "cosmetic" cuts instead of getting real about the size of budget adjustments really needed. But as much as Republican proposals seem to be far too timid for the problem we face, the reaction of the political left to President Obama's equally "minor" cuts in his new budget proposal is positively unreal. (Running an annual deficit of over a trillion dollars, as his budget proposal does, is NOT budget cutting!)

When (if ever) is the political left going to learn that it doesn't matter how much we want something, or how moral it would be if we had it, if we simply can't afford to pay for it? Once again, I suggest the budget proposal start with projected government revenues, allocate them until they run out -- and STOP! That is all we can afford (actually it is already MORE than we can afford, because it doesn't keep any surplus to pay down the existing debt.)