In response to:

Jindal: Obama, Congress Are “Psychologically Incapable of Getting our Fiscal House in Order”

D G Wrote: Dec 06, 2012 2:31 PM
Even if a tax rate increase magically balances the budget in the near term, we would see deficits quickly returning and resuming their growth. …… If growth rates of entitlements are not slowed, the problem can not be solved. Outlays for Department of Health and Human Services totaled to $848.1 billion in FY 2012 versus $466.1 billion in FY 2002. ….. Outlays for Social Security Administration totaled $821.1 billion in FY 2012 versus $488.7 billion in FY 2002. ……… Look back to FY 1992, and you will see the numbers were about half of those for FY 2002. ….. Long term GROWTH RATES are Excessive!
D G Wrote: Dec 06, 2012 2:31 PM
The Republican Proposal for solving the Fiscal Cliff cuts $900 billion for entitlements over the next 10 years. That is not nearly enough. …..

The Adminsitration Proposal for solving the Fiscal Cliff would be worse than actually going over the Fiscal Cliff, and it is not worthy of consideration.

The answer is to cut entitlements enough to balance the budget, and then keep the growth rate for entitlements at the same as the long-term growth rate of the economy

Louisiana Governor Bobby Jindal has penned an interesting op-ed in Politico today in which he recommends four structural reforms congressional Republicans should pursue vigorously during the so-called “fiscal cliff” negotiations. They are as follows (emphasis mine):

A federal balanced budget amendment. States have balanced budget laws, small businesses have to balance their budgets, and families have to do the same. This is an idea that is supported by virtually every American who does not live in the 202 area code. It’s common sense. It is also laughed at in Washington. When you mention the BBA as a solution, they...