One reason is our inability to do what every family and business must do, balance our budget. After years of large, chronic deficits, last year we finally, if barely, balanced the federal budget. If great care is not taken, the budget will not be balanced for long. Another reason is Washington s unwillingness to be honest with the American people. This budget is only the latest example.
Proponents claim it is balanced.
It is not. They say it does not raid Social Security, but it does. It ignores the greatest financial challenge facing our nation, entitlement reform, and makes matters even worse by taking money from the Social Security Trust Fund to pay for spending today. It foreshadows a return of chronic deficits. It makes the prospect of meaningful tax cuts much more remote because it spends the surplus and then some.