It is highly unlikely that the federal debt will be paid off or that we will be operating under a balanced federal budget over the next election cycle or two. Federal fiscal policy promises to continue to be one of the most important issues to voters for some time to come.
In whatever form the "Next Right" eventually manifests itself, formulating and verbalizing a coherent federal fiscal policy in a manner which resonates with the general public will be a necessity for electoral success.
Electoral success is more likely to occur if a wide variety of public policy organziations, polical candidates, office holders, party leaders, think tanks, the "right roots" and other right-leaning media are all singing from the same sheet of music -- as happened with the Contract with America.
Four primary options are available in developing a new fiscal policy proposal:
- Decreasing taxes while increasing spending
- Increasing taxes while increasing spending
- Increasing taxes while decreasing spending
- Decreasing taxes while decreasing spending
Other vital components of such a plan would probably include dealing with Social Security, balancing the budget, deficit spending and coming up with a proposal to pay down the national debt. There are probably additional great ideas out there; this is a great time to think outside of the box to help stimulate even better ones.
What sort of approach to fiscal policy do you think the "Next Right" should take, and why?