A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized.
Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It’s fair.
I do not believe that we must maintain a bloated military budget which spends almost as much the rest of the world combined and may lead us to perpetual warfare in the Middle East.
It amazes me that we spend 20% of the US budget on defense and far-off wars, and not on fighting cancer, disease, and aging.
A nation that continues year after year to spend more money on war than on programs of social uplift is approaching spiritual death.
Martin Luther King
The American people want a balanced budget. They want Congress to stop this barbaric practice of perpetual deficit spending. It really, if you think about it, is a form of taxation without representation.
Don’t tell me what you value. Show me your budget, and I’ll tell you what you value.
Balancing the budget on the backs of the elderly, the sick, the children and the poor – is not only immoral, it is bad economic policy.
The reality is, the United States has global interests. Our defense budget is about the same as the defense budgets or military budgets of every other country in the world put together.