To follow yesterday's discussion about conservatives' attitudes toward the deficit, here's National Review's Kevin D. Williamson's take:
If you spend the taxpayer's money, you have to tax the taxpayer, at some point. You cannot magic that money into existence. As I've been arguing - ad nauseam, forgive me - taxes are a secondary issue. The primary issue is spending. As ye spend, so shall ye tax. The rate of spending is the rate of taxation; debt and deficits only push the date of tax collection into the future. You can collect the taxes today or you can collect the taxes tomorrow - but what you spend, you will have to collect.
This is going about the question all wrong. Would you rather have a federal government that spends 15 cents of every dollar earned in this country, while taxing 12 and making up the difference by issuing debt - or a federal government that takes in and spends 30 cents of every dollar? I'd much prefer the former. The Democrats don't want to have that conversation at all.
Share this Article
Like this Article
Print this ArticlePrint Article