Anybody who’s thought about it for two seconds knows we don’t have a taxing problem – we have a spending problem.
We borrow about 42 cents on every dollar we spend, and under President Obama we’ve been spending more than $1 trillion dollars a year we don’t have. That’s where the borrowing comes in.
Yet almost all the talk we get from the president and from his stenographers in the media is about taxes. The wealthiest Americans need to pay their “fair share.” As Meghan Clyne put it in a Wall Street Journal column, “If the U.S. Treasury received a dollar every time President Obama demanded that the rich pay their ‘fair share’ to eliminate our deficits, the problem might take care of itself.”
If the government doesn’t get spending under control – and by that I don’t mean cutting the rate of increases, but actually cutting spending – the next stop on the Crazy Train we’re all riding will be downtown Athens.
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