Jack Carter on Budget & Economy


Katrina showed Bush's incompetence & fiscal irresponsibility

Q: You said, "The response to Katrina was a national disaster in more ways than one and it is still playing out in the news." Can you expand on that?

A: First, the Bush administration has spent quite some time emphasizing disaster. The first time they got a chance to show off what they had, it was apparent that in a number of different ways, from a structural standpoint to the people that they had in particular positions to delivery to coordination-all of those things fell through. Second, when Bush was talking about paying for the reparations, he made the statement that it was going to cost maybe $200 billion to finance the reconstruction, that the federal government would do it all, then he did not tell anybody where he was going to get the money from. It was not only was it a bad structural thing with the wrong people in it, and mistakes all along the way in terms of the prior planning, but then, to pay for it was sort of another excuse to just foist the deficit onto our kids' shoulders again.

Source: Quality News Network interview with Jack Carter May 1, 2006

Pay-as-you-go, by cutting programs or raising taxes

Q: Do you think that Congress should be required to operate within a balanced budget?

A: I don't. There are some things that I think you have to buy things for. There are a lot of costs that come in today that you have to fund in some sort of way. However, a "pay as you go" idea is certainly something that we need to do. If you're going to spend money in some place that you've got to fund it in some way. If you ever want to spend new money, then you had to cut another program or raise taxes.

Source: Quality News Network interview with Jack Carter May 1, 2006

Shift spending from wars to infrastructure and benefits

Carter mentioned how the government spends money in a frivolous manner. He said money has been taken out of certain programs to fund the long and expensive war in Iraq. This spending has made the budget deficit rise to almost nine trillion dollars. "The budget deficit was caused by the baby boomers," Carter said. "We basically passed it on to your generation. We should be spending money on roads, transportation, Medicare, benefits and advertising for our country because we are a big economic source."
Source: The Rebel Yell (UNLV newspaper) Apr 13, 2006

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