Today imagine that Congress has a fit of sanity and manages to balance the budget. They do it through a combination of spending cuts and tax increases. The dollar strengthens and there is more money because of interest that is not needed to pay for deficits. Congress’s approval rating soars and they decide to balance […]
How to reduce the Federal deficit? Lopping off a percentage across the board is one strategy and used most of the time. I don’t prefer that type of approach because it may reduce programs that are performing for us.