Newt Gingrich thinks so, and says it’s even possible within a period of four to seven years. Naturally, in order to make a balanced budget a reality, the Democrat-controlled White House and Senate would have to eschew their love affair with big government, the same big government that is responsible for trillion-dollar deficits that aren’t shrinking anytime soon.
I know, fat chance on liberal lawmakers abandoning their core ideology even if the country’s economic growth depends on it, but hey, that doesn’t mean Republicans shouldn’t layout the steps needed to restore the country to fiscal sanity.
Gingrich gave us two essential steps when we sat down with him.
1. Ditch the food stamps already.
It’s easier said than done when unemployment has been at nine percent for 20 straight months, but if Obama works with the GOP to create a business-friendly environment that encourages employers to expand and hire, we’d have more taxpaying Americans working and less of them on welfare. “The combination of more revenue from more people working [and] less spending because fewer people are unemployed is the biggest single step you can take to balance the budget,” said the former Speaker of the House.
2. Control spending. Duh.
“This government is so bloated, the liberal democrats have created so many new ways of spending that you should literally cut the government, not just slow the rate of increase,” said Gingrich.
What else to add? Deficits are begotten by, ahem, too much money going out. So close the spigot already! One potential way to save money, says Gingrich, is to take the 46 government agencies that are charged with welfare and job training and consolidate them into one block grant that’s directed to the states. Then all those federal government jobs would be, um, put in the crosshairs and eliminated. Oh, yes.
“Return only the money the states were getting; cut the money spent on federal bureaucrats, and re-establish power at the state level all in one step.”
So there’s that.
What about Barack Obama? Will the brother temper his left-wing radicalism in the next two years, even if it’s just for political survival?
Perhaps, thinks Gingrich. “I suspect [Obama] will bob-and-weave and you’ll see some effort on his part to appear to be a centrist; some effort to appease the left. The problem he has is that the ‘center’ is moving to the right.”
“The country having looked at Obama has a deeper belief in American exceptionalism, a deeper belief in limited government, a deeper belief in returning power to the states and the people thereof.”