The Magical Balanced Budget Theorem
Franklin Roosevelt figured that a balanced budget was one of the keys to solving the Great Depression.
Yet another treasurer bows to the gods of “the balanced budget” and “the surplus”.
A balanced budget is not necessarily good.
Most of the dreary comrade societies aimed at a balanced budget – “We take 100% of your income and spend it all”.
There is only one tax on the people and that is government spending.
The treasurer needs to slash that big tax.
All else is flummery.