Mark Pryor: We can balance budget in 10 or 20 yrs

HALT:HaltingArkansasLiberalswithTruth.com

 

Mark Pryor said on Arkansas Week in Review which was broadcast on AETN on Dec 24th

“We are in a perpetual debt cycle and a perpetual spending cycle that is unsustainable….We will put together a system or a formula where we will get our debt under control. We will get this ship turned around. We won’t do it overnight, but we get it turned around and in the next 10 or 20 years we will get back to a balanced budget.” 

Liberals do not want you to know this secret: The budget would be balanced in 2016 if the current levels of spending were frozen, and the budget would be balanced in 2017 if a growth of 1% in federal spending was allowed.

Pryor and other liberals do not want to make the hard choices concerning the spending cuts that need to be made. Privatizing Social Security would have to be back on the table for instance.
Dan Mitchell from the Cato Institute elaborates:
Our fiscal policy goal should be smaller government, but here’s a video for folks who think that balancing the budget should be the main objective.

The main message is that restraining the growth of government is the right way to get rid of red ink, so there is no conflict between advocates of limited government and supporters of fiscal balance.

More specifically, the video shows that it is possible to quickly balance the budget while also making all the 2001 and 2003 tax cuts permanent and protecting taxpayers from the alternative minimum tax. All these good things can happen if politicians simply limit annual spending growth to 2 percent each year. And they’ll happen even faster if spending grows at an even slower rate.

This debunks the statist argument that there is no choice but to raise taxes.

_______________________________________________________

I am profiling State Lawmaker Nate Bell today.

Married to
Phyllis Reinhard Bell
Political Views:
Conservative
Religious Views:
Christ follower
Favorite Quotations:
“The budget should be balanced, the treasury refilled, public debt reduced, the arrogance of officialdom tempered and controlled, and the assistance to foreign lands curtailed, lest Rome become bankrupt.”
~Cicero 63 BC 

He who thinks he knows it all proves how little he knows.
Anonymous

“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling that thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” ….
John Stuart Mill.

* You cannot help the poor, by destroying the rich.
You cannot strengthen the weak, by weakening the strong.
* You cannot bring about prosperity, by discouraging thrift.
* You cannot lift the wage earner up, by pulling the wage payer down.
* You cannot further the brotherhood of man, by inciting class hatred.
* You cannot build character and courage, by taking away men’s initiative and independence.
* You cannot help men permanently, by doing for them what they could and should, do for themselves.
-found in an essay about Abraham Lincoln

-Anything worth doing is worth catching hell for.
Earl Warren

“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children’s children what it was once like in the United States where men were free.”

‘Here’s my strategy on the Cold War: We win, they lose.’

‘The most terrifying words in the English language are: I’m from the government and I’m here to help.’

‘The trouble with our liberal friends is not that they’re ignorant; it’s just that they know so much that isn’t so.’

‘Of the four wars in my lifetime, none came about because the U.S. Was too strong.’

‘I have wondered at times about what the Ten Commandments would have looked like if Moses had run them through the U.S. Congress.’

‘The taxpayer: That’s someone who works for the federal government but doesn’t have to take the civil service examination.’

‘Government is like a baby: An alimentary canal with a big appetite at one end and no sense of responsibility at the other.’

‘The nearest thing to eternal life we will ever see on this earth is a government program.’

‘It has been said that politics is the world’s second oldest profession. I’ve come to believe that it bears a striking resemblance to the first’
Ronald Reagan

About Me:
Poultry Farmer and small businessperson from Mena who wants to continue my service to the community by representing District 22 in the Arkansas legislature.
Gender:
Male
Click on people’s faces in the photo to tag them.
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