Saturday, December 29, 2012
Read Our Lips: No New Spending
o let the rich pay their Fair Share™. Except that every "little bit" more they pay must be used exclusively to reduce the national debt.
That means no more raises in the debt ceiling. We better start living within our means for a change, else sooner rather than later, everything will go over the cliff.
Let us be absolutely clear: All money from all these new taxes, which may not be spent on anything new, will actually make our federal budget less unbalanced. It really would mean A More Balanced Approach®.
Make no mistake: The smaller the budget deficit the less new debt is added to the nation's books.
Of course, with the debt ceiling permanently pegged at its current record level, real spending cuts would be the only alternative greedy spendaholics in Washington could consider for decreasing that deficit even further.
As every credit card owner who's financially in trouble knows, when you've maxed out all your cards and no card company will give you another credit increase, you simply can't keep spending more than you take in. You have to finally start paying off that debt. Which means you have to cut down on your overall spending.
This compromise isn't an ideal solution to the out-of-control spending problem we're facing. Higher taxes will slow down and in all likelihood damage, for years to come, vital portions of our economy, and thus significantly hinder every effort to achieve a full recovery.
Under the present circumstances, however, it is the most effectual means at our disposal to get Washington to spend less and act more responsibly.
And if that doesn't work, we're all doomed.
Labels: greedy and selfish liberals (BIRM), grossly negligent liberals (BIRM), liberals are always extreme, socialist injustice, tax'n'spend liberals (BIRM), thieving liberals (BIRM), Worst. pResident. Ever.