Three Steps Toward a Balanced Budget:
“Our personal and national relationship to debt is indeed a moral issue. Leaving our children to pay the bills for excessive spending cannot be justified. But, if a budget really is a moral document, how we reduce the deficit is also a moral issue. Our budget should not be balanced on the backs of the poor. Cuts should not come from the services and programs that people rely on now more than ever. The reality is that we have a lot of wasteful spending in our federal budget, but most of it does not come from things that help the most vulnerable people in our society.”
(Via God’s Politics Blog.)
In short, he suggests cuts to:
- Defense spending
- Return to Clinton-era tax rates for the wealthy
- Eliminate farm subsidies
We’d save billions upon billions and we’d have a more moral budget to boot.