Wednesday, March 16, 2011

Comment on Andrew Stiles - The Corner -
National Review Online:
McConnell, McCain: Next CR Must Include Long-Term Defense Funding

McConnell, McCain: Next CR Must Include Long-Term Defense Funding - By Andrew Stiles - The Corner - National Review Online

We need to hard wire in a 'Law of Fours' setting budget boundaries.

Defense, other than combat      - 4% GDP
Federal non-Defense spending - 4% GDP
State and local spending            - 4% GDP
Federal Deficit retirement         - 4% GDP

Set in stone that Medicare/Medicaid will be computed under 2008 standards but that allocations will decline by, wait I bet you guessed it, 4% from the preceding fiscal year. It took over 40 years for the monster to eat us and it will take 40 years to get out.

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