This article isn’t that bad. He is liberal but points out the problem clearly — Americans want a free lunch. His solution is a tax hike. He says the Republicans won’t be able to force a spending cut through because Middle America won’t stand for entitlement cuts. He sees a general tax increase with a pretty severe tax increase for the “rich.” Quite frankly, as much as I hate it and as much as I’d fight it, he may be right. Way too many Americans want a free ride paid for by “the rich.” We can’t get around that. Its depressing but true.
This thinking is dangerous and plays right into the statist hand, increasing taxes never increases revenue until you are on the left side of the laffer curve inflection point.. What idiot thinks we are there?
“This article isn’t that bad. He is liberal but points out the problem clearly — Americans want a free lunch. His solution is a tax hike. He says the Republicans won’t be able to force a spending cut through because Middle America won’t stand for entitlement cuts. He sees a general tax increase with a pretty severe tax increase for the “rich.” Quite frankly, as much as I hate it and as much as I’d fight it, he may be right. Way too many Americans want a free ride paid for by “the rich.” We can’t get around that. Its depressing but true.”
You’re right. Just do what I’ve done in the past and talk about SERIOUS Social Security reform...the kind of reform needed to help the government live within its means. I’m talking making it a means-tested welfare program. The oldies here, maybe half of them overall, HAVE A FIT. They are fine with balancing the budget, but I can go to hell if I expect them to be part of it...instead they want MY kids and (future) grandkids to give them a free ride.
There is an old adage that says all good things come to an end. Paraphrasing Maggie Thatcher, the free lunches end when you run out of other people's money. The reaction of global markets to QE, QE2, the European debt crisis, and our own debt problems should be a shot a cross the bow for anybody that running out of OPM is pretty darn close.