Free Thoughts

Chris Edwards joins us this week to discuss the politics that goes into attempting to minimize the federal deficit. The Federal Government determines the federal budget, however there is not a balanced-budget requirement, which leads to the growth of the federal deficit. The Federal Government does two main “things” according to Edwards; they produce stuff and they transfer income. Obviously, national defense is one of the main things that the Federal Government produces. If they were to cut that production- it would have an immediate effect on defense programs and initiatives. Whereas if you cut from other programs, like those regarding housing, you would cut direct benefits to people.Over half of the federal budget goes to entitlement programs. Social Security alone has turned into a trillion dollar endeavor. Edwards suggests that if budget cuts were made across the board then it would be perceived as fair to all programs and it would be a step in the right direction.Why is it difficult for the Federal Gove