Tuesday, October 2, 2007

Fred On The Issues: Federal Budget And Spending/Budgetary Reform

The second in my Fred On The Issues posts:

Federal Budget And Spending/Budgetary Reform:

In a few short years—not a generation from now—a fiscal tsunami that could imperil our security and economic prosperity will hit our nation and place an unfair burden of debt on our children and grandchildren. The tens of trillions of dollars in debt that will be accumulated over the next few decades will do immense harm to our economy. This burden is now estimated at $170,000 per person and $440,000 per family. Time is running out to address this looming crisis. We need market-based approaches to reform that guarantee benefits for those who need them and embrace personal responsibility and cost-effectiveness without raising taxes. Given the scope and urgency of this problem, and the burden it will place on our children, reform is not only an economic necessity, it is a moral imperative that requires action now. I am committed to:

*Opening the government’s fiscal books on this looming crisis for all to see and understand.

*Working with individuals of all political persuasions to develop a comprehensive solution to the pending fiscal crisis.

*Leading and making the hard choices necessary, to include cutting wasteful government spending, to safeguard our security, promote our prosperity, and protect our children and grandchildren from fiscal calamity.

I like the "Opening the government’s fiscal books on this looming crisis for all to see and understand" part. For way too long they have hidden the amount of money they are spending.

This may be a little vague, although not any more then the other candidates are being on the subject.

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