This is a question and answer session with Jimmy Wales, founder of Wikipedia, that I conducted for a workshop on the Transparent Federal Budget project that took place in Austin, Texas last month. The Transparent Federal Budget project is a collaborative, open effort to bring greater transparency and accountability to the massive annual federal budget using wiki like tools, reputation systems and social networks.
Tags: Jimmy Wales, Wikipedia, Transparent Federal Budget, reputation systems, social networks
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September 14th, 2007 at 4:08 am
Without the tax cuts we would be in surplus. This is a fact. Revenue goes up in the long run, not because of the tax cuts, but because of real GDP growth. If we have to raise taxes by 3 to 5% to get a surplus then it is what we must do. The benefits of a surplus far out weigh the negatives of raising taxes a bit. I am a real conservative. I would not spend a dime more than we take in each year. Look at what Eisenhower did in 1960. Exactly the same thing!
Also, if we just moved spening to 2003 levels we would be in surplus in 2007. Both political parties spend way too much money. It is also time to means test entitlments. People like Steve Forbs who say we need not do this are fools. Warren Buffett does not need Social Security. This is just common sense.
May 26th, 2008 at 2:39 pm
[…] Slack’s post last Thursday reminded me of an idea that Jimmy Wales (founder of Wikipedia) put forward a while back for a transparent […]