Our politicians’ appetite to spend money they don’t have will never be satisfied. There’s always a boondoggle or meritless program in need of pork. Likewise, there’s always a politician or representative in need of votes.
Spending other people’s money brings a senator flattery from their constituents. The voters reward congressmen that deliver federal funds with another term in office. For the voter believes that, through the ballot box, they can get something for nothing.
Take this whole fiscal cliff debate. From what we can tell the debate is limited to how much taxes will increase and who will pay them. We’ve yet to hear much in the way of real spending cuts…the type that would take federal spending from 25 percent of GDP, where it is today, back to 18 percent of GDP, where it was in the 1990s.
But even that seems too high. Why not cut government down to just 5 percent of GDP? No doubt, there’d be a lot less paperwork to contend with.
The point is government spending is the real problem. That’s why raising taxes is not the solution. Continue reading







