Posted: 11/16/2010 12:43:24 PM EDT
Another deficit reduction commission has now made its recommendations. My own recommendation for dealing with deficits would include stopping the appointment of deficit reduction commissions. It is not the amount of money that these commissions cost that is the issue. It is the escape hatch that they provide for big-spending politicians. Do you go ahead and spend the rent money and the food money — and then ask somebody else to tell you how to escape the consequences? If President Obama or the Congress were serious about keeping the deficit down, they could have had this commission's recommendations before they spent hundreds of billions of dollars, handing out goodies hither and yon to their pet constituencies. I don't know why people agree to serve on these bipartisan commissions, which save the political hides of the big spenders after they have run up huge deficits. Back in the 1950s, there was a saying: "If you didn't invite me to the take-off, don't invite me to the crash landing." Deficit commissions make it politically possible to spend money first and get somebody else to recommend raising taxes later. They are a virtual guarantee of never-ending increases in both spending and taxes. |
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Thomas Sowell is a genius of a man. I read one of his books 'Intellectuals and Society'. If you ever want to read a serious critique of liberal thinking, that is bar none, the best book written on the subject. Also, to watch his tag team debates with Milton Friedman against GM union bosses is beyond awesome. He is the black version of Friedman. |
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Quoted:
Two words and two words only to solve the deficit epidemic in Washington: Balanced Budget CMOS That's barely a good start. The deficit is part of the problem, but real austerity will be required to take care of the debt. If it's done right, no one is going to be happy, and a lot of people are going to hurt. Hopefully that hurt will spur them to do something about their situation besides wait on the taxpayer to fix 'em up. |