HolyCoast: Dear Democrats, We Have a Spending Problem Not a Revenue Problem

Sunday, November 20, 2011

Dear Democrats, We Have a Spending Problem Not a Revenue Problem

With brilliant minds like Sen. Patty Murray's (D, of course), it's no wonder the country is in bad shape:
Sen. Patty Murray (D-Wash.), the Democratic co-chairman of the debt supercommittee, said Sunday that she was willing to “work all night long” to reach a deficit-reduction agreement but believes that GOP lawmakers are too "enthralled" with their pledge to anti-tax advocate Grover Norquist make a compromise work.

"At this point today, Democrats have made some really tough decisions and come to some pretty tough choices that we're willing to put on the line, but only if Republicans are willing to cross the line and admit that revenues have to be part of the solution," Murray said on CNN's State of the Union.
Revenues don't have to be part of the solution, unless you want to start collecting taxes from the 47% who currently don't contribute a dime to federal income tax. THAT I could support.

Otherwise, the only answer to our fiscal problems that will actually work is spending cuts. With government spending equal to 25% of GDP there are no amount of tax increases that are going to fix that.  We have to reduce spending, and we have to end baseline budgeting.  The budget should start from zero each year with NO automatic increases.  Every dime needs to be justified...and a lot of dimes need to be eliminated.

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