If there is no struggle, there is no progress.

- Frederick Douglas

Fiscal Conservativism

We hear they still exist, just not in Washington, D.C. (or Sacramento, CA):

It is possible to reduce spending and balance the budget. In the 1980s and 1990s, Washington consistently spent $21,000 per household (adjusted for inflation). Simply returning to that level would balance the budget by 2012 without any tax hikes. Alternatively, merely returning to the 2008 (pre-recession) spending level of $25,000 per household (adjusted for inflation) would likely balance the budget by 2019 without any tax hikes. [Read]

posted at 11:43:50 on 10/11/09 by clearpolitics - Category: Economics - [Permalink]

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The Gross National Debt