tag:blogger.com,1999:blog-2144856674271066060.post6693001102546979100..comments2023-10-18T01:51:47.968-07:00Comments on The Remmers Report: Other People's MoneyJerry K. Remmershttp://www.blogger.com/profile/06431399785911786408noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2144856674271066060.post-75373167859557714422010-05-07T03:13:26.800-07:002010-05-07T03:13:26.800-07:00actually if we did those things in 2013 we'd b...actually if we did those things in 2013 we'd balance the budget, according to CBO's forecasts. we don't need to anything nearly as drastic as Greece is doing to get our deficit below 3% of GDP.<br /><br />of course if the 2012 election puts tea party / hard-right republicans in power, they're probably going to prioritize tax cuts over spending cuts anyway, because that's what they've done every time they've gained power for the past 30 years.<br /><br />and it should be noted, the sever austerity that Greece is engaging in is going to weaken, not strengthen, their ability to pay off their debts; and the only reason they have to do it is that the German reps on the European Central Bank are unwisely basing their policies on fears about inflation, when the risk of deflation is obviously much greater right now.<br /><br />i think, anyway.Tom Whttps://www.blogger.com/profile/02989600376171223132noreply@blogger.com