 |
|
Fed Gov't Has a Spending Problem, not a Revenue Problem
Posted on: August 14, 2025 at 13:13:13 CT
MU Diaspora MU
Posts:
34416
Member For:
24.02 yrs
Level:
User
M.O.B. Votes:
0
I know that is obvious for those not addled with TDS, but sometimes a reminder is helpful, and discussion instructional.
From NR Online:
"The simple truth is that the federal government does not have a revenue problem. It has a spending problem. Solving a spending problem on this scale, however, is not a matter of “improving efficiency” and “rooting out waste, fraud and abuse.” It is about solving two fundamental issues: The government is involved in far too many things and lacks a sensible budget process. The inevitable result is a government that simultaneously overspends and underdelivers."
https://www.nationalreview.com/2025/08/the-national-debt-just-eclipsed-37-trillion-heres-what-we-should-do-about-that/
The article details how spending can be cut, and why (the US government has no business being in the "social securty" or healthcare business and it does a **** poor job at both). What caught my eye were the proposals to fix a hopelessly broken budget process. Personally, I think disbanding the utterly worthless CBO would be a start. But the author suggested eliminating the debt ceiling (which is a charade), and repealing the Wilsonian-era Second Liberty Bond Act (which would negate the need for a debt ceiling.
From NR Online:
"The simple truth is that the federal government does not have a revenue problem. It has a spending problem. Solving a spending problem on this scale, however, is not a matter of “improving efficiency” and “rooting out waste, fraud and abuse.” It is about solving two fundamental issues: The government is involved in far too many things and lacks a sensible budget process. The inevitable result is a government that simultaneously overspends and underdelivers."
https://www.nationalreview.com/2025/08/the-national-debt-just-eclipsed-37-trillion-heres-what-we-should-do-about-that/
The article details how spending can be cut, and why (the US government has no business being in the "social securty" or healthcare business and it does a **** poor job at both). What caught my eye were the proposals to fix a hopelessly broken budget process. Personally, I think disbanding the utterly worthless CBO would be a start. But the author suggested eliminating the debt ceiling (which is a charade), and repealing the Wilsonian-era Second Liberty Bond Act (which would negate the need for a debt ceiling.
Please explain why this message is being reported.
MESSAGE THREAD
Fed Gov't Has a Spending Problem, not a Revenue Problem - MU Diaspora MU - 8/14 13:13:13