Reality Check For The Left

If we don’t force our elected representatives to cut spending they will be forced to tax YOU, regardless of your income, at a painfully high rate. The liberals have been lying about taxes ever since they first passed the initial income tax on “only the very wealthy” and only at small levels. They said they would never tax YOU-but they are now, aren’t they? They feed the beast of government and then when we try to cut some programs they scream bloody murder. Never forget that in the recent budget “negotiations” their proposal was to cut zero from our bloated federal budget. Nothing was on the table.

At some point tax revenue and spending levels must match. Borrowing only delays the inevitable but that is the preferred method for our gutless politicians. As anyone who has ever financed anything knows, it just costs more in the long run. Imagine a world in which everything that Congress authorized had to be paid for immediately. Imagine what it would be necessary if they were not allowed to create an unfunded liability. What if there really was a Social Security trust fund? A “lock box”? Washington pols would be faced with some serious decisions. They would have to raise taxes on everyone to levels that would end their political careers, or they would immediately have to trim the fat from the budget. Suddenly there would be no funds available for the Rock and Roll Museum or the “Bridge to Nowhere”. We wouldn’t have hundreds of federal agencies doing virtually the same thing. The Department of Redundancy Department would finally be shut down.

Today’s Wall Street Journal has the hard numbers here. It is eye opening.

LINK

Pat Duggan

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Published in: on April 18, 2011 at 8:31 am  Leave a Comment  
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