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Current Events » in reply to Re: Ron Paul to balance the budget by the 3rd year of his presidency

I understand you, I really do

You've always had a good grasp of Economics but it looks to me that keeping government employees on the payroll simply amounts to nothing more than sustaining government spending. How much will be enough?

Obama tried to add another 400 billion with his jobs bill to the 800 million dollars already spent on the stimulus. At what point do we stop printing money to string the economy along? And why should federal employees be exempt from the effects of the recession?

Granted, proposed federal layoffs of 221,000 employees won’t amount to much in the way of deficit reduction. Probably less than 2 billion per year. But Paul also wants to eliminate 6 cabinet level agencies. Housing And Urban Development is one of them. HUD was the primer for the sub-prime mortgage mess and should be sharing the wrath of the Wall Street Occupiers.

I haven’t seen it yet but Paul needs to put out a detailed itemized list of cuts. He mentions pulling back our military from around the world (as well as eliminating foreign aid) but I don’t know of other government contracts where private sector jobs would suffer other than the military. The depth of the budget cuts he is proposing must mean the end of other government contracts.

You, like me, are afraid of shocks to a fragile economy. The Tea Party had no business holding the country hostage with the debt ceiling fiasco. Obama had no business ‘introducing’ ObamaCare , an economic mistake magnitudes above the Tea Party tantrum. Obama’s EPA is enacting regulations that are dubious in nature and are putting a stranglehold on US industries. You can’t help but wonder if Obama is completely blind to the economic consequences of his policies.

So what do we do Buck, look the other way and continue to prop up a floundering economy and maybe manage to muddle along while watching our standard of living nosedive? That’s the most comfortable option. Or do we face our problems head on an quit postponing the inevitable.

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