The figures are in, and the federal deficit for fiscal year 2010 is $1,294,000,000,000. Although slightly lower than last year's record shattering amount, the picture for America's fiscal future still appears bleak. At least, it is if you count on politicians refusing to engage in any kind of fiscal discipline - an historically safe assumption. However, despite the claims of politicians, getting ourselves out of this hole is not overly complicated. As Dan Mitchell explains in the following video from Center for Freedom and Prosperity, all it really takes is a bit of fiscal discipline. If politicians simply stop increasing government spending excessively, and instead limit it sustainable levels, the budget can be balanced within a decade - and without a single tax hike. (Read Full Post)