Don Rodrigo
2010-09-01 13:55:54
Here’s how much federal government we can afford annually: 2.5 Trillion.
That is the amount of revenue the feds are able to collect. $2.5 trillion buys a lot of gov’t. Specifically, it buys big government. What we have now is collossal government. “Big” may not be desirable to many of us, but it is a big step back down from what we have now, and is a very good start.
If we lived within our $2.5 trillion means, something interesting would happen: The economy would almost certainly soar, and, as a result, federal revenues would go up and we’d end up with surpluses. If surpluses become persistent, then it would make sense to cut taxes even more.
