Douglas Holtz-Eakin: Balancing the Budget Is Just a Sales Gimmick to Gut the Federal Government. And We Republicans Think It Will Work! [UPDATED] | Angry Bear - Financial and Economic Commentary
A balanced budget for the federal government, as the GOP and their sympathizers define it, is actually not a virtue. They don't really think it is one, either. It's just a way to begin the process of eliminating programs they don't approve of. First you kneecap the programs in the name of fiscal responsibility. After the gutting you pushed for has made the programs ineffective at their stated goals you then push for them to be eliminated because everyone can see that these programs are ineffective and therefore don't deserve funding.