Thursday, July 14, 2011

Debt is a weapon used to demand more taxes

Empire of Debt, It’s a feature, not a bug. - John Hayward/Human Events
The same politicians who spent $1.7 trillion more than they collected, in just this year alone, say the problem is that private citizens are not paying enough. Democrats will not even begin to discuss minimal fiscal restraint unless they get a tax hike... and they claim the urgency of this tax increase is irresistible because of the huge national debt they have created... we have reached the madness of a moment when the national debt is used as an argument against spending reductions, or growth-oriented tax and regulatory policies. The insane problem becomes a weapon against rational solutions. The Empire of Debt will grow without limit, until it falls, and takes you with it.