Conservatives’ Struggle To Cut Spending Highlights Urgency of Taming Unsustainable National Debt - Gingrich 360

Conservatives’ Struggle To Cut Spending Highlights Urgency of Taming Unsustainable National Debt - Gingrich 360

by Newt Gingrich Conservatives’ painful, frustrating efforts to cut spending highlight how vital it is to return to a balanced budget.  The American people overwhelmingly want a balanced budget. When America’s New Majority Project asked about a balanced budget amendment, it attracted a 70 percent majority. Only 13 percent of people opposed the idea.  This was an amazingly wide majority, with 67 percent of Democrats, 70 percent of Independents, a…

The Mechanics of US Debt: Modelling the Unpleasant Arithmetic

Introduction: A Nation of Spend First, Ask Questions Later If there is any enduring law in fiscal economics, it is this: arithmetic always wins. Political rhetoric, on the other hand, is mercifully short-lived. In Washington, talk of “fiscal cliffs” and “grand bargains” has become background noise, but the numbers keep moving regardless. The US has long since abandoned the old-fashioned “tax and spend” tradition. Today, it’s simply spend – and l…