Deficits

Deficits?
Just read today that a poll indicates the public believes the Democrats are the party more likely to eliminate government deficits. That may be the truth but it paints a false image of the true question. A deficit occurs when one spends more than one makes. A balance budget is when spending and earning equate. As a famous democrat once said, “Republicans and I both believe in balance budgets. . . only he wants it balanced at 1 Trillion and I want it balanced at 2 Trillion.” A democrat has never met a spending bill he did not like (except for piddly things like national defense and security). Sure the Democrats are more likely to eliminate deficits, by increasing spending and then increasing taxes more than enough. If you think you are taxed enough now, just wait until Hillary and her love of big government gets in . . . give every baby 5000 why? So parents can spend it right away? What is she thinking of?

The correct question is not best to eliminate deficits (there are 2 ways to eliminate deficits, higher taxes or less spending . . . when was the last time you heard anyone mention the second position?) but how to grow the economy so as to grow one’s way out of the deficit (that is, spend less than you make and eventually you will earn more than you spend . . . I am sure most consumers understand this philosophy).

Be careful of what you ask for since you might get it.