The traffic crawls, the sirens scream
You look at the faces, it's just like a dream
--Glenn Frey
Just chewed thru Rand Paul's 2013 budget proposal (scroll down to the bottom for the actual budget doc). This is by far the most coherent and credit plan that I've read w.r.t. serious fiscal improvement.
Thought the biggest limitation was his assumptions about GDP growth in out years. But perhaps not. As our fiscal situation improves, real output should respond favorably to the movement toward unhampered markets.
Chances of this plan being implemented even close to as is? Prolly zero on a proactive basis. However, Sen Paul's measures are consistent with what will occur when market forces take over the playing field, and we have to respond on a reactive basis.
The problem with reacting instead of proacting is that we'll have little control over the pace and magnitude of the remedial measures.
Friday, March 9, 2012
Rand Paul's Budget Proposal
Labels:
balance sheet,
government,
intervention,
markets,
measurement,
media,
socialism
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1 comment:
It's curious that only in Washington can you spend 2 biliion dollars and claim that you're saving money.
~Rand Paul
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