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November 28, 2012

The Deficit/Debt Problem In A Nutshell, And Why Increasing Taxes To Solve Our Deficit Problem Is An Exercise In Futility

Topics: Political News and commentaries

In responding to Michael Walsh's Rude Question, Michael James Barton writes (emphasis added):

When it comes to taxes, the reality seems to play out like this: 1) Overspending leads to a deficit/debt problem; 2) An offer is made to cut spending and increase taxes in what is hailed as a great compromise to solve the deficit/debt problem; 3) Taxes go up but the spending always increases and we are back at step (1) with a deficit/debt problem for the continuation of the endless loop.
And the net result is that our nation is ever-deeper in debt and on an evermore rapid trajectory towards Greece ... but with no one to bail us out. Meanwhile, we're stuck with the biggest spending, biggest debt-increasing president in the whole world.

The Truth about President Obama's Skyrocketing Spending
Increasing taxes always increases spending

Posted by Hyscience at November 28, 2012 6:56 AM

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