Giuliani Shows His Claws on Spending

$100 Billion of credible spending cuts should be more than enough to take care of the budget deficit and make the tax cuts permanent. So far incoming new revenue from economic growth has brought the deficit down substantially. The question is whether or not the economy will continue to grow and bring in that revenue. If we have a recession the deficit will be bigger than ever. This size of cuts should have a good effect on stablilizing the dollar, assist in controlling inflation and give the Federal Reserve more flexibility with interest rates - all of which is needed for the expansion to continue. $100 Billion in budget cuts with continued revenue from economic growth should balance the budget and pay for extention of the tax cuts that are also promoting economic growth.

Richard C. Huntley IV of ME 7:54PM December 03, 2007