It's the Economy Stupid: Chapter 497 - The Balanced Budget Edition

Mr. Obama says he's going to be engaging in a lazer-like focus on jobs...but hasn't he said that before?  I mean all through 2009 he said he was going to focus on jobs...and where are those jobs?  We've lost more than 2 million since then...just what has to happen for this man to understand that we're run out of other peopel's money and we absolutely must cut spending below the level of what taxes the government is taking in?

After all, what happens to the average person when their credit cards are maxed out, and their checks are bouncing left and right?  Congress must pass a real balanced budget amendment.  We're well past the time that we can afford as a nation, to spend money we dont' have. 

30% of California's budget comes from the Federal fisc.  New York is in a similar situation, as are all the other "blue" states...The EPA is literally passing regulations aimed at hampering any economic up swing.  Those regulations will in the end, force at least one state to "brown out" during heat waves, by forcing the closures of coal burning power plants. 

The socialist welfare state has failed.  Every single country in Europe that has that as their economic model has begun to swing away from it.  Keynesian economics has failed every single time it's been tried and it's failed this time as well. 

At this point the only way to save our economy, government and way of life is to return to the spending level of 2006 (prior to the 5 trillion dollar debt racked up by Nancy Pelosi, Harry Reid and Barack Obama, with the connivance of G. W. Bush) and cut that by 30%!  But our political class, hasn't either the courage or character to do it.  They will only push half measures, that do more harm than good.

The recent "debt ceiling" deal...doesn't cut current spending at all.  It will only curb "future growth" of sspending...no kidding.  It's not a deficit cutting measure, it will only slightly curb  how large the size of government grows.  Just another paper that guarantees "peace in our time."  But it won't guaranttee that Congress won't blow billions on pet projects.

Only by balancing the budget, and implementing a severe and serious austerity budget can the economy be restarted.  A vast reduction in the regulatory over-reach of government will encourage buisnesses to start hiring again.  Small business is the machine that grows our economy, and as a former small businessman, there's no way I'd hire new employees and expand my business right now.

Congress must quit playing politics and start acting like statesmen who have a vision...before it's too late, though I genuinely fear that we've crossed that threashold.