balance the budget

The U.S. faces yet another stalemate because the government ran out of money. Back in 2011, I wrote a comment (link) on this and it turns out things have not changed much after all. Only the numbers may need an update:

With all the fuss about the U.S. debt problem, here’s one proposal: Go back to the spending level of 2009. That year was not austerity. Not by a mile. But going back to that spending level, the budget for 2014 would be balanced instantly.

Advertisement