I see this as a good thing but I also know that if cuts are too deep too fast it can have a negative impact on the economy.
I also don't want to see individuals hurt by unreasonable cuts in some social programs.
Don't get me wrong I still believe as I have said before that many of these programs do their very best to make people dependent on them and they kill individual incentive for people to do better.
If the right balance can be maintained, I believe that the prospect of a balanced budget or even a serious attack on the deficit will have a positive affect and encourage people and that always has a positive affect on the Stock Market and therefore the economy and job market as a whole.
We'll now see the reaction of the Left and hear how it can never happen. I would hope to not hear any of that until after honest open discussions have taken place.
News from The Associated Press
WASHINGTON (AP) -- The House Republican chairman who's writing a 2012 budget says the GOP will propose cutting more than $4 trillion over the next decade.
The head of the House Budget Committee, Rep. Paul Ryan, says President Barack Obama is "punting on the budget and not doing a thing to prevent a debt crisis."
Ryan tells "Fox News Sunday" that GOP budget-writers are looking at cutting $4 trillion-plus in spending over the next decade. That's more than even what the president's deficit commission recommended.