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In his final column for the American Spectator, David Hogberg discusses what he calls “Balanced Budget Conservatism,” the first tenet of which he describes as follows:
Balanced Budget Conservatism starts with the premise that any surplus should first be used to create personal savings that will be used to stave off the coming entitlement crisis.
What surplus? Well, according to the CBO, it’s looking more and more likely that the fabled budget surplus may once again emerge from the mists of legend. But entitlements like Medicare may, like so many ravenous dragons, swallow them up.
For more, David’s article can be found here.