Sunday, December 16, 2012

Government Spending is a problem, not a solution...

There is NO empirical evidence that government spending spurs the economy. ABSOLUTELY NONE. While there IS empirical evidence that tax cuts increase economic growth and tax collections.

Every time taxes have been cut, there was a corresponding increase in GDP growth and tax collections.

And there is huge DIFFERENCE between spending and cutting. Spending costs money, cutting taxes do NOT cost money.

This crazy idea the Left has that cutting taxes costs money presupposes that all money belongs to the government. It would be like saying the minute you walk into Macy's, the contents of your bank accounts belong to Macy's and what you don't spend in the store is a loss for them.

That's not how it works.

Tax cuts means that the government does not take money that belongs to the people who earn it. It costs NOTHING.

But when government takes money from citizens in the form of taxes, it costs them part of their private property called money, that they earned and belongs ONLY to them.

"The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If 'Thou shalt not covet' and 'Thou shalt not steal' were not commandments of Heaven, they must be made inviolable precepts in every society before it can be civilized or made free."-- John Adams, A Defense of the Constitutions of Government of the United States of America, 1787

"To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it."-- Thomas Jefferson, letter to Joseph Milligan, April 6, 1816

Like every private citizen who exercises good judgement with their finances, our government must spend within it's means, or borrow only in the greatest need what it can repay in a reasonable time.

We have had politicians spend our money foolishly, liberally, and wastefully... gorging themselves at the public trough rather than sipping at it with parsimony and frugality.

If any of us spent our parent's money as custodians the way the politicians have been spending our great-grandchildren's as-yet unearned wages, we'd be jailed for fraud and misappropriation of funds.

There is no moral justification for the Democrats unbending desire to tax those already over-taxed, and beggar our descendants with wasteful spending.

If there is to be shared sacrifice, let the politicians and our government tighten their belts one notch beyond ours. We'll sacrifice by doing with less government programs, and do for ourselves.

No comments:

Post a Comment