by Viv Forbes
A balanced budget is not necessarily good – Soviet Russia often ran a balanced budget – they took 100% of people’s income and spent it all.
The constant striving by conservative governments to “balance the budget” just gives a free lunch to the big spenders who will inevitably take over from them. This happens every electoral cycle. It is time to break this destructive spending ratchet before we reach bankrupt Soviet status.
There is only one tax on the people and that is government spending. That should be slashed but taxes must be reduced even faster, maintaining or increasing the deficit. That way, no new treasurer will have scope for extra wasteful spending or vote buying.