The politicians claim that they are negotiating about how best to reduce the deficit. That irks me because our fiscal problem is excessive government spending. Red ink is merely a symptom of that underlying problem.
But that’s a rhetorical gripe. My bigger concern is that politicians are prevaricating. They’re really talking about higher taxes in order to enable a bigger burden of government spending, not less red ink. I make this point in an interview on Fox Business Network.
This is the point where I often elaborate on issues raised in the interview, but let’s instead build on the discussion to look at policy and political reasons why the GOP should not surrender to Obama’s tax demands as part of fight over the fiscal cliff.
Here are the policy arguments against higher taxes.
1. There is no need for higher taxes since the budget can be balanced merely by restraining spending so that it grows 2.5 percent each year.
According to the most recent Congressional Budget Office fiscal estimate, the 2001 and 2003 tax cuts can be made permanent and red ink can be wiped out in just 10 years so long as politicians simply control the growth of federal spending so that outlays don’t grow faster than 2.5 percent each year. Other nations have shown that this type of spending restraint is very successful, while no nation has ever taxed its way to fiscal success.
Read More By Daniel Mitchell .
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Many have said for years now that expecting elected people in DC to restore our Constitutional Freedoms and Liberties is like digging a hole in your yard expecting to find a diamond and gold mine. Just not going to happen.
So, that leaves three remedies – Nullification using the 10th amendment [which the Supreme Court has used the 14th amendment to limit the power of the States] second is the use of Article V to repeal the 14th, 16th and 17th amendment – lastly is the Jefferson final option –
I hold it, that a little rebellion, now and then, is a good thing, and as necessary in the political world as storms in the physical. – Letter to James Madison (30 January 1787)
The spirit of resistance to government is so valuable on certain occasions, that I wish it to be always kept alive. It will often be exercised when wrong, but better so than not to be exercised at all. I like a little rebellion now and then. It is like a storm in the atmosphere. – Letter to Abigail Smith Adams (22 February
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