balanced budgets

Here’s an interesting response from Sen. Charles Grassley (Iowa), senior Republican on the Finance Committee, when asked by a reporter this morning whether Congress intends to pay for the wars its launched, or continue to borrow the money and pile onto federal deficits.
Defending America is a number one responsibility and money’s not the first consideration. [...]

Rising unemployment is creating greater demand for Medicaid, while home values and consumer spending are down, leaving less revenue for states to fund such safety-net programs. Many expect the situation to grow worse.