November 14, 2012
Who Cares What the Left Thinks?
It's begun. Less than a week after President Obama won re-election, the "smart" people in politics are saying that compromise -- meaning higher tax rates and more unaffordable spending -- should be the order of the day. These people include House Speaker Boehner, Vice President Biden, and former Clinton staffer Erskine Bowles, a leading proponent of the so-called "balanced" approach. Conservatives and Republicans in the Senate and House should ignore these so-called "smart" people completely and utterly. We do not have a tax problem; we have a spending problem. The federal budget has gone up 60% since 2001, and taxes are only low because the economic recovery is weak. The simple fact is that our debt is over 100% of GDP for the first time since World War II, and unlike that time period we have huge entitlements and no world economic dominance to fall back on to reduce the size of the debt as compared to our economy. This means our debt is going to absolutely skyrocket in future...(Read Full Article)