Prepare for the worst when the budget is balanced
Published: Saturday, January 22, 2005 at 6:01 a.m.
Last Modified: Friday, January 21, 2005 at 10:56 p.m.
Most people do not yet realize that from the perspective of government spending, there has not been a tax cut.
If the federal budget had been balanced to reflect the tax cut, the economy would have gone into recession.
The money that was missing due to tax cuts was simply borrowed.
There must be a day of reckoning. Eventually, the budget must be balanced.
We have all enjoyed the ride and we will all have to pay for the ticket.
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