In an article published by The Heritage Foundation, Brian M. Reidl presents a sobering look at how ffiscally responsible the government would need to act to balance the federal budget by the President's target in 2012. In short, after years a spending growth near 50% , the Government would need to limit spending growth for the next five years to 2%.
To do so, he would need to stand firm and show Congress that a balanced budget is only going to be possible if they re-visit and FIX the mess of entitlement programs that are forcing every American to be an agent in his own doom! Explain to Congress and the American public in clear and concise language that these programs are going to bankrupt this country unless something is done to correct it. Force Congress to limit spending growth, not to 2%, but to 5%, or 7%, or 8%.
However, we have seen how fiscal discipline leads to vilification in today's mains stream media and left wing blog-o-sphere. When President Bush vowed to limit the growth of spending on the Education Department (a middle-man organization that prevents millions of dollars from reaching the local schools) he was accused of sacrificing our children's education in favor of small government (of course than fact that spending actually increased was largely ignored- it did not grow at the rate his critics wanted it to, so they attacked him).
Hence, no doubt Mr. Bush will continue on with his rose colored glasses and attempt to leave a fiscally conservative legacy of no substance. He is handing the Republicans a tool so they can say to the next Democrat President: "We left you with a plan to balance the budget, but you ignored it" with no reference to how unrealistic the plan was.