Mike Lee, (R-Energy Solutions), trying to be a U.S. Senator from Utah, accidentally brought up a huge truth in a recent debate.
He said he’d cut the federal budget by 40 percent to balance it.
He claims now he was kidding, and that’s a darn good thing because it is impossible to cut the budget by 40 percent, not if you do it Lee’s way, which is far to reverential to all the sacred cows.
This article in the NY Times explains it better than I could, but bottom line is: Unless you cut agree to Social Security and the Military, both things Lee says are sacred, as well as slashing Medicare, education, and all that other stuff, there is no way possible to balance the federal budget.
Not without a huge tax hike, and Lee would, of course, extend the Bush tax cuts, not ever raise taxes.
So, he’s full of hot air. But so is everyone else. Without raising taxes and really slashing spending, there’s just no way to do it. Instead Bush cut taxes, Obama cut taxes, and now Lee and all the Republicans want to cut taxes.
And that, they all say, will balance the budget.