The 800 pound gorilla in ATJ's room, that is never mentioned by the left in discussions of our economy is the subject of SPENDING........
Some of ATJ's points are valid, however, without a Constitutional Amendment that mandates a balanced budget every year, it is just rhetoric.
His suggestion that we all pony up and pay off the debt is a valid economic premise, however, what safeguard do we have against a bunch of limp-wristed liberals hoodwinking the public into another majority and running up the deficit again in the future........the answer, unfortunately is none. The entire political effort of the left is to buy the votes of the uninitiated by promising them 'bread and circuses" for their votes, witness ObamaCare........."free" housing, a "living wage", free university educations, and on and on are all on their list........all of which have to be paid for by someone.
There is only one universal economic concept, vis-a-vis government budgets, and that is.....short of printing more currency, the government doesn't produce a dime in revenue ALL wealth is created by the private sector.......the government in the strictest economic terms is simply "burden".
Without an inviolate spending limit, "supply side" is the only method of increasing government revenues to a sufficient extent to reduce the deficit measurably.
doc