Government would be downsized and spending cut back drastically.
Lower the wasteful spending and cut the top worthless jobs in government first then go to the bottom.
Increasing spending on R&D would have cut into the operating margins that the company emphasized.
Every one eventually foundered on the point that the only way to reach the goal was to raise taxes, cut spending or both.
"If spending is not cut and the deficit comes back, everything goes down the drain."
To make good, the state will have to raise taxes, cut spending, sell assets or some combination of the three.
Which will happen in the next few years if spending is not cut dramatically in other areas.
But no one doubts how to end the deficit: raise taxes, cut spending or both.
Even without the final bill in place, county leaders had to begin making the spending cuts it calls for.
Increased spending on utilities could well cut further into the personal savings rate, which fell significantly in the second quarter from the first.