Whenever I had a fiscal deficit in my companies, I found the solution quite simple.
CUT SPENDING!!!
Streamlining of operations, combined with working our asses off to increase sales and margin always resulted in fiscal surplus.
It's always harder in politics because no one has the balls to do what must be done in the stewardship of American taxpayer dollars.
In this case, it is merely a test of willpower and grit. Cut federal spending at all levels and all departments. Combine this with extreme regulatory & tax cuts on the productive, while reducing or all together eliminating entitlement spending where there was never a corresponding specific tax input by the citizen. (Think welfare. END IT!) Medicare, Medicaid and SSI programs though a mess with fraud and inefficient delivery, are programs that taxpayers paid into.
Welfare is not.
It is merely a hammock for the lazy and uncooperative. See these people get hungry enough, and implement severe punishment if they steal to feed themselves, and you will see them suddenly see floor sweeping as a career opportunity.
As a taxpayer to the U.S. for 41 years and entrepreneur that has built 4 successful companies, I have had just about enough of the freeloaders. End it.
got the idea from some people that cutting the " mandatory" costs could lead to such social unrest as to collapse the country. And then there is talk of default at some stage '
That is the unique thing about the end of a credit boom.
There is always the bust phase.
Yes, there will be discomfort and unrest afflicting those unprepared.
There is no alternative and there never has been in 7,000 years of recorded economic history. There is ALWAYS the unrest phase, though it would be much preferable to choose when that pain is experienced rather than have it blow up in your face.
The crazy thing is, he might actually manage balance budget! Unbelievable
Whenever I had a fiscal deficit in my companies, I found the solution quite simple.
CUT SPENDING!!!
Streamlining of operations, combined with working our asses off to increase sales and margin always resulted in fiscal surplus.
It's always harder in politics because no one has the balls to do what must be done in the stewardship of American taxpayer dollars.
In this case, it is merely a test of willpower and grit. Cut federal spending at all levels and all departments. Combine this with extreme regulatory & tax cuts on the productive, while reducing or all together eliminating entitlement spending where there was never a corresponding specific tax input by the citizen. (Think welfare. END IT!) Medicare, Medicaid and SSI programs though a mess with fraud and inefficient delivery, are programs that taxpayers paid into.
Welfare is not.
It is merely a hammock for the lazy and uncooperative. See these people get hungry enough, and implement severe punishment if they steal to feed themselves, and you will see them suddenly see floor sweeping as a career opportunity.
As a taxpayer to the U.S. for 41 years and entrepreneur that has built 4 successful companies, I have had just about enough of the freeloaders. End it.
Let's do one better, no more grants. Grants equal pork, if a town wants new sidewalks raise they're own taxes, not mine.
got the idea from some people that cutting the " mandatory" costs could lead to such social unrest as to collapse the country. And then there is talk of default at some stage '
That is the unique thing about the end of a credit boom.
There is always the bust phase.
Yes, there will be discomfort and unrest afflicting those unprepared.
There is no alternative and there never has been in 7,000 years of recorded economic history. There is ALWAYS the unrest phase, though it would be much preferable to choose when that pain is experienced rather than have it blow up in your face.