by Mitch Kokai
Senior Political Analyst, John Locke Foundation
Dan Mitchell of the Cato Institute argues that it wouldn’t be that hard for the federal government to achieve a balanced budget.
So if the Republicans who now control Washington are serious about protecting the interests of taxpayers, it should be relatively simple for them to adopt good fiscal policy.
And if GOPers actually decide to do the right thing, the grim numbers in the CBO’s new report quickly turn positive.
To put all these numbers in context, inflation is supposed to average about 2 percent annually over the next decade.