Grey Matters header image
Photo taken from deck of Warren's home.

Balancing The U.S. Federal Budget II

I’ve been reading a lot about bringing the spendthrift FedGov under control. In some circles it is fashionable to say that we have deficits because the “rich” don’t pay their “fair share.”

Somewhere in my reading it was stated that if we increased the income tax rate for ALL taxpayers to 100% we would still be running a deficit of several hundred billion dollars a year. Sounds to me like we need to cut back spending.

So I say again: the best way to balance the budget is to fund only those programs and agencies that are actually Constitutional.

Comments are closed.