Based on results from 21 countries over 37 years, OECD finds there is only one successful method to reach fiscally balanced budget:
85% of solution must come from spending cuts
15% of solution must come from tax increases
http://online.wsj.com/article/SB10001424052970203513204576047370292186758.html
or
http://misunderstoodfinance.blogspot...ly-way-to.html
Either way, good luck in getting anybody to choose this (or any other ratio) over their death wish insistence to continue to spend & print, until they are stopped by an outside force.
85% of solution must come from spending cuts
15% of solution must come from tax increases
http://online.wsj.com/article/SB10001424052970203513204576047370292186758.html
or
http://misunderstoodfinance.blogspot...ly-way-to.html
Either way, good luck in getting anybody to choose this (or any other ratio) over their death wish insistence to continue to spend & print, until they are stopped by an outside force.