It’s Amazingly Simple to Balance the Budget | Cato @ Liberty

It’s Amazingly Simple to Balance the Budget | Cato @ Liberty: "we can balance the budget in just three years if spending grows by “only” 1 percent per year

The chart also shows that you can balance the budget in just four years if spending is allowed to grow “just” two percent annually.

And if you for some reason think that the burden of government spending should rise faster than inflation, then we can balance the budget in seven years by restraining spending so that it grows 3 percent each year."

"we’ve actually enjoyed two consecutive years of government spending being lower than it was the year before. Something to keep in mind just in case you thought the Tea Party didn’t make a difference or if you didn’t think sequestration was a big victory."