February 15, 2010

BUILDING A BRIDGE TO THE AUGHTS:

The 2007 Solution:Senator LeMieux’s plan for the federal budget (Fred Barnes, February 15, 2010, Weekly Standard)

Republican senator George LeMieux of Florida has done the math. If government spending were reduced to its 2007 level, we’d have a balanced budget (with a $163 billion surplus). Returning to the 2008 level of spending, the budget would be balanced in 2014 (a $133 billion surplus). And in both cases, that’s while keeping the Bush tax cuts across the board and indexing the loathed alternative minimum tax for inflation.

“Could we live with what we did in 2007?” LeMieux asks—the “we” a collective reference to Congress, the federal government, and the country. He thinks so. Because of the recession, “most Americans are living with less than they had in 2007.”

Posted by Orrin Judd at February 15, 2010 6:56 PM
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