A Modest Proposal on American Politics and The Budget Deficit
This guest post was written by Ross Weiner, a senior at Fordham University majoring in Finance.
Wouldn’t it be nice to have a president who was an asshole? Unfortunately the foresight of mid-term elections and re-elections prevents this from ever happening. Looking at the current budget deficit, which according to the deficit commission staff amounts to $13.7 Billion, an asshole is exactly what we need.
Politicians from both sides of the fence including President Obama realize that we need massive budget cuts, but they fail to ever mention specifically where they will come from. Since this is where they fail, let me be the bearer of bad news; every dollar that is cut is going hurt at least someone. The sooner Washington realizes that they cannot be everyone’s friends, the better. Before the GOP begins cheering me on, realize that this is a two-way street. So just for sake of keeping things fair, if we take away some of the left’s toys we have to take some of the right’s toys as well. In the words of Kentucky Senator Rand Paul as quoted from the Wall Street Journal Article from today, “There’s not enough money just in welfare to cut to balance the budget, You have to look at the entire budget, and approximately 40% of that budget is military”.
So now that we know everyone is going to be mad, it is time for Washington to suck it up and be the bad guy. This involves a complex political strategy called thinking ahead. By ahead, I mean more then four years down the line (I know right? Who thinks that far ahead?). That means worrying about results that might not show on your resume come re-election time, and yes, that could cost you. Not to undermine America or promote a nanny-state (this metaphor is not going to help), but just like with parenting you can’t always be friends. We will however, thank you later.


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