Balanced Budgets

Here in Loudoun County, our Democratic Board of Supervisors has successfully balanced the budget throughout their term of office. In fact, in 2010 the County ended the fiscal year with a surplus.

In general, balancing government budgets is a good idea. That’s among the reasons I’m a proponent of a balanced Federal budget as a general goal. I believe in running deficits for specific emergencies (say, the greatest economic downturn since my grandmother was choosing between buying coffee or butter on her weekly grocery list), but in times of economic prosperity, the budget should aim towards balance.

Of course, I also agree with most Americans as to how that should be acheived.

Sixty-one percent of Americans polled would rather see taxes for the wealthy increased as a first step to tackling the deficit, the poll showed.

The next most popular way — chosen by 20 percent — was to cut defense spending.

Yes, I believe those who gained the most from our American system should pay their dues to keep that system sound and prosperous – just like 61% of my fellow citizens.  

2 thoughts on “Balanced Budgets

  1. Dave Nemetz

    THE DEMOCRATIC BOARD OF SUPERVISORS IN LOUDOUN COUNTY NOT ONLY BALANCED THE COUNTY BUDGET, BUT ENDED THE FISCAL YEAR WITH A SURPLUS.

    I wonder how our friends on the other side would have done that, if they got their way and reduced our tax rates? What essential services would they have cut from the budget to offset the loss in revenues and bring it into balance?

    Interesting sidecar: the newly-minted Republican House of Representatives has already backed away from their “pledge” to cut $100 billion from the federal budget.

    Get your popcorn ready.

  2. Liz Miller

    Also, I don’t think it’s unheard of to raise taxes (especially on fuel, and enormous wealth) during wartime. You know, to pay for the war effort.  

Comments are closed.