The past three years the government’s been giving tax dollars away to most any company that has lobbyists support. TARP which was drawn up under former Treasury Secretary Hank Paulson, legality is debatable. Law scholars across the country like Krishna Prakash of University of Virginia said regarding the GM and Chrysler bailouts, “failed the constitutional test, they simply were not plausible under the law.” It appears the government can and will do all it can get away with. Consider this new Commission.
The bi-partisan Fiscal Responsibility Commission’s report has serious flaws. It’s not ambitious enough, anticipating red ink for a decade; we should balance the budget sooner. It raises taxes! It doesn’t make real CUTS in spending, only cuts in the rate of increase.
They should instead CUT government spending back to Clinton-era levels. Here are five very good reasons why:
- Less government borrowing will mean more money for investment and job creation
- Eliminating wasteful and unconstitutional agencies and subsidies will allow for greater innovation in local government and the private sector
- We won’t need job-killing tax hikes
- Confidence in the dollar would be restored and inflation would be curbed
- We would see a balanced budget sooner, sparing the people from trillion-dollar interest payments
Drastic spending cuts led to economic booms in New Zealand in the 1980’s, Canada in the 1990’s, and here in the U.S. after World War II. It can happen again. This is an historic opportunity. Cut spending to restore prosperity!
You must have heard that Obama and the Republicans have reached a deal to extend the current tax rates for two more years. But what the statists are trying to sweep under the rug is that part of this “deal” is that the Republicans will agree to a continuing resolution to fund the government until September 30, 2011. That means the Republicans are selling out to fund ObamaCare for at least the next ten months.
Arizona alone has numerous lawsuits pending against Obamacare. Arizona has the same predicament as the federal government a huge deficit that demands budget cuts. Local legislators get out the axe and start trimming the tree. Trimming will make the state healthy with a balanced budget. At least they have the trimming part down with the Christmas decorations around town-can they budget?
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