I’ve been thinking about budget cuts, and government layoffs, and other good things.
There are three basic options:
- Keep spending. Borrow. Face economic consequences due to excessive debt, plus hose our children and grandchildren.
- Keep spending. Raise taxes. Alas, the spending equals the taxing, so how is that a good thing? Forced government spending isn’t as productive as it would be if the money was left in the hands of the people and not directed towards politically favored groups and projects.
- Cut spending. This hurts. But who? Well, only politicians and the groups that have purchased them. And the more we cut government spending, the more productive our national spending becomes
Basically, those who think we need to “raise taxes” are all wet. They foolishly believe that stealing money from people who earn it, and giving it to political allies is more nationally productive than letting them keep it. Who believes that? Really?
I’m not interested in ANY plan that has raises taxes. I’m okay with plans that simplify our tax system, including getting rid of the maize of deductions that are really just government spending / constituency buyoffs, and then lowers rates, as long as there are protections to keep rates low, and as long as they spread the burden beyond the 5% that currently carry the country.
In other words, I’m interested in a smart plan, that works, not just more politically puffery that somehow keeps on rewarding the professional politicians and those than own them.