Nonsense. What the OP clearly meant was balancing the budget. This has been done in the past, most recently when Clinton was in office. I am not a big Clinton fan but he and Gingrich got it done. While I agree that the government and business are fundamentally different, there is no reason that large deficits have to exist year after year after year. Occasional deficits are inevitable because of recessions that impact how much taxes the government collects and much of the spending cannot be reduced when that happens, but the perpetual overspending is inexcusable. You sound like a democrat.
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Originally Posted by Guest
It would be impossible to apply the traditional profit and loss mindset from business to any government.
Too many funded programs that last forever or for years. Having to turn a profit in any one period would stop the government dead in its tracks and all services that we rely on would simply cease.
For example I think I read the US Postal system lost 754 Million in just the first quarter of this year.
Two different things private business and government
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