fiscal responsibility and fiscal responsibilities
As we continue a political season in which dire predictions abound, let us all remember that just over a decade ago, after Republican and Democratic Presidents and Congresses prudently raised taxes while prudently cutting spending, we had a balanced budget, and even a trillion-dollar surplus.
A trillion-dollar surplus!! We've done it before — without cutting Social Security or Medicare — and we can do it again. Certainly we need to scrutinize our spending and spend less; certainly we need to raise taxes in some way, if only to pay for the trillion-dollar military effort that came right after the huge tax cut. But a strong social safety net does not lead inexorably to economic collapse.
A trillion-dollar surplus!! We've done it before — without cutting Social Security or Medicare — and we can do it again. Certainly we need to scrutinize our spending and spend less; certainly we need to raise taxes in some way, if only to pay for the trillion-dollar military effort that came right after the huge tax cut. But a strong social safety net does not lead inexorably to economic collapse.
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