Rick and Donna Martinez of WPTF had me on this morning, as they and their callers sought to grapple with the super-committee announcement. The non-outcome typifies a fiscally impotent and irresponsible congress, and it provided worthy grounds for discussion. Click below to listen—nine minutes (MP3).
[audio:http://bit.ly/uYoZmR]
I touched on a few themes from recent blog posts:
1. The situation is dire! “Federal debt cracks $15 trillion, officially, but that’s not even half of it;”
2. Given the immense federal waste, however, it could be solved relatively painlessly. “Statists fear a balanced budget amendment, invoke doomsday follies;”
3. That could be through a form of state-initiated balanced budget amendment, such as the National Debt Relief Amendment. “Time for a new approach;”
4. In the absence of an amendment, spending cuts along the lines of those offered by Republican presidential candidate Ron Paul would be a step in the right direction;
5. We also discussed what could be done with the tax code, more broadly speaking, and this ties into my earlier tax debate. “Taking on a contemporary liberal (collectivist) over taxation.”
