What should be done to eliminate or reduce deficit spending?
EDWARDS: The federal government has to first start paying as it goes to stop the bleeding. Next, Congress has to be much more aggressive in cutting spending. If health care costs are reined in, when the economy improves government will be in a better position to deal with all the other problems. WILKINSON: Presidents Reagan and Kennedy are good role models when it comes to how to handle tough economic times. Cut taxes and cut federal spending and pay by half. The military budget is an exception. It should be cut 25 percent. ROSS: Any unused stimulus and TARP money (money allocated to help banks) should be used to pay off America’s debt, and the federal payroll should be frozen for a year, which would save $30 billion in raises. There should be a balanced-budget amendment to the U.S. Constitution. Q: Should the high-speed rail project using about $3 billion in stimulus money for a route from Tampa to Orlando on Interstate 4 be halted? EDWARDS: It should continue. Central Florida has sev
Related Questions
- How is a structural deficit different from an annual operating budget deficit that we would experience if we did not reduce spending to make up for state funding cuts and investment losses?
- Who will decide whether to reduce benefits or increase contributions (or a combination of both) in order to eliminate the actuarial deficit?
- Does President Obama intend to cut federal spending to reduce the deficit?
