Thursday, October 23, 2003
A SIMPLE SOLUTION TO THE BUDGET DEFICIT — AND WHY IT WILL NEVER HAPPEN
Our nation is facing the largest national debt in its history. Our annual budget deficit is overwhelming — we’re swimming in red ink. From time to time, when the Democrats control things, Congress imposes new taxes on Americans in a demonstration of “fiscal responsibility.” When Republicans control, they reduce taxes to “stimulate” the economy, in order to lower the deficit. Why? What’s really going on? The late J. Peter Grace, Democrat Industrialist, was commissioned back in 1984 (ironically)...
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