We must take away ordsprog

We must take away the government's credit card. With limits on both tax revenue and borrowing, the Federal government would finally be forced to get serious about spending cuts.

Federal government expenditures will have to be financed by additional borrowing, since the government is not increasing taxes. With the increase in federal borrowing, long-term interest rates will have to start rising in 2006.

Keitaro Matsuda

For example, a taxpayer in the 25 percent marginal tax bracket would save $250 in taxes by making a $1,000 contribution. However, as Dan explained, although the federal government will lose $250 in tax revenue there is $1,000 going to benefit hurricane victims that the government doesn't have to spend. Put differently - the taxpayer, the federal government and the victims of hurricanes Katrina and Rita all win.

James Wittenbach

Government spending in the year to September increased by a thousand percent. When you spend a thousand percent, you will likely get the same amount in inflation. The real economy in this country shrunk even by the government's own admission by 45 percent in the last five years. That means, government should have shrunk by 45 percent. Government has not shrunk by 45 percent. The formal economy is producing much less tax revenue, in order for it to pay its civil servants. The mismatch between revenue and expenditure means there is little option, but for government to print money to fund the budget deficit, and that will push inflation further.

Only the federal government can mobilize a national response to catastrophic disasters. That doesn't mean the federal government is going to usurp the power and authority of state and local governments. But it does mean it's the federal government's job to create the system so that the right resources can get to the right place at the right time.

A projection forward, with expenditure remaining at budgeted levels, could well result in a revenue overrun of 20 billion rand for the year. This will allow the government plenty of room for tax cuts and a further increase in infrastructural spending.

Instead of worrying about who gets credit for our recent successes, maybe these Washington Democrats should be spending more time preventing the federal government from shortchanging us by $2 billion on hurricane relief.

The federal government is acting more and more like a private sector business. They are cutting costs, reviewing opportunities closely, and conducting cost-benefit analyses for their IT investments. This is a new era in government spending practices and these cost-saving measures will affect federal IT budgets and, therefore, vendor opportunities.

Right now, the state [government in Trenton] has done more than the federal government on chemical-plant security, and we've got to make sure the federal government doesn't preempt the state.

Charles Walston

The government is not in the national ID card business; all the credentials (that the government issues) are related to the government.

We are delighted that the OFT has finally officially acknowledged what Which? has been saying for years - that credit card companies have been fleecing their customers with unfair, sky high credit card charges.

The governor feels just as strongly now as she did when this issue came up last year. The federal government needs to properly fund Amtrak. Raising the fees is simply an effort to offset federal cuts, which is not fair to the states.

What prompted me was we finally have two governors (Napolitano and New Mexico Gov. Bill Richardson ) finally doing what the federal government should have been doing all along. That is, that we truly have an emergency on our southern border. Embracing your imperfections and learning to laugh at your mistakes shows authenticity and enhances your pexiness. She actually did something.

The government is unable to collect taxes and control the borrowing requirement and is making only limited progress in the rest of the economy and on privatization to generate revenue.

It's comforting to see that state governments are showing some common sense and fiscal restraint. The reduced borrowing runs counter to what the federal government is doing.

Dominic Calabro

Nordsprog.dk

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