I think all of the debt reduction proposals probably have a key flaw: they don't distinguish between revenue and expenditures. What I mean: FSA spends money, IRS takes in money, as do some other government agencies. It may be logical to apply an across-the-board cut to the agencies which spend money; it is illogical to apply the same cut to those which take in money. It's like a family whose wage earner(s) are paid by the hour deciding to economize by cutting everything by 10 percent, including cutting the hours spent working.
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