Fiscal Cliff: We Have a Spending Problem, Not a Revenue Problem.

The most frustrating thing about the “fiscal cliff” discussion, is not that Boehner and Obama can’t come together to put together a deal or the endless political posturing, but that the debate itself is focused on the wrong thing.

Why are we worried about raising taxes when the taxes proposed mean almost nothing in terms of funding the federal government? The issue is with the solvency of the United States, a United States which has become far too large for its people. Even if we taxed millionaires at 100% we wouldn’t come close to covering the gap.

The fiscal cliff debate should be about cutting government in large—and for once noticeable amounts—not raising taxes in an effort to increase “fairness.” We have a spending problem, not a revenue problem.

Yet, Boehner wants to protect “defense” spending, so he will cave and give in on taxes, and we will be no better off for it. In fact, we will be that much worse off because even more money will be taken from the private sector and given to the black hole which is the Federal Government.

Rand Paul gets it-

If one actually does the math, “taxing the rich” turns out to be no real  solution at all, only fantasyland rhetoric.

Every dollar the government takes is another dollar used unproductively.  Every dollar removed from the private sector and wasted in the hands of  bureaucrats is a dollar that will not be used to purchase goods, to pay for  services or to meet a payroll.

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9 comments
chris
chris

great post Nick!

Curtis Owens
Curtis Owens

we only have plenty of revinue if companies and groups stop looking for handouts that they really dont deserve.

Jim Steele
Jim Steele

Well, whose money is it anyway? It aint the damn government's.

Aidan Haggerty
Aidan Haggerty

usdebtclock.org The Federal government doesn't. The People do.

Aidan Haggerty
Aidan Haggerty

It's both. We don't have enough revenue and Congress overspends.

Michele Fuller Shumate
Michele Fuller Shumate

There is only a revenue problem because the government has had a spending problem for far too long.

Raven Nemeh
Raven Nemeh

We have both. a spending and revenue problem.

Robert Circle
Robert Circle

Problem what problem we can stop any time we want.... Just not now