Question: Will Congress’ approval of trillion-dollar federal budget deficits this year and next and perhaps into the future be good for the economy?
Bob Rauch, R.A. Rauch & Associates
No: Federal spending at these levels is unsustainable and must be cut sharply now by empowering state and local governments, consolidating duplicative programs and privatizing government programs. Further, eliminating waste, fraud and abuse is much better than cutting military and defense spending. Tax reform was much needed. In other words, spend where it is needed — on our defense and with tax reform that stimulates spending.
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