The EU

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Tuesday, November 22, 2011

Long Time Coming

The Instapundit sent me to The Fiscal Times this AM, for an article titled "Goldwater's Disastrous Prophecy Has Come True".

I actually think the headline writer bumbled, the article author, Jennifer DePaul, wrote that Senator Goldwater did say
If the government is left to it's own devices "the glory that is America might go the way of the glory that was Rome".
The blame, this AM, seems to be going to Grover Norquist and his no new tax pledge.

Maybe Mr Norquist is that powerful, but I doubt it.  What is more powerful, IMHO, is the belief that any tax increase, rather than going to reduce the Federal annual budget deficit and pay down the Federal Debt, will go to pay for more spending.

If I thought we had finally rejected Keynesian Economics and turned the corner on excessive spending, I would be happy to vote for a reasonable tax increase, as part of real tax reform.

Regards  —  Cliff

1 comment:

Anonymous said...

When one's debt becomes excessive....and ours is obscenely so.....the ONLY solution is to stop spending. That means not having the funds or credit to continue spending. That means...for new..and certainly LESS taxes. Beginning with WWI and significantly expanded by FDR, the income tax has been the greatest drag on America and freedom ever known.