The GOP just took back the House of Representatives, and President Obama's Debt Commission has issued a preliminary report. Serious talk of serious budget reform is breaking out all over, and progressives are panicking.They say all the slash and burn is crazy talk... Well, anyone who thinks we can continue down our current path of handing everything out to everyone is also crazy. You can't raise taxes high enough to pay for it all, and there will come a day when the US government can no longer borrow more money.
The Wall Street Journal and
Bloomberg each have a good article on the debt panel recommendations. As Alan Simpson says, they did indeed harpoon almost every whale.
Ethanol is Immoral. Farm subsidies need to go. Poor farmers with small plots of land don't qualify anyway; it's the corporate farms that get your tax money. We also need to demand an end to the ethanol and flex fuel subsidies. Government takes our money and starves people to feed cars, driving up the price of food in the process. It's immoral.
I agree with
cutting social security benefits, but that must be accompanied by a strong, stable dollar policy so our savings are not eaten up by inflation. Additionally, interest and dividends should not be taxed. If you want us to do for ourselves more in our old age, stop stealing our nest eggs by taxation and inflation.
I also agree with
slashing government bureaucracy and programs, but that needs to be accompanied by lowering the bar to employment and new business creation. A job is the key to self-sufficiency,but government regulation and taxation are chasing jobs overseas.
DoD Cannot Be ExemptNational defense is one of those rare government functions that is actually mentioned in the constitution. Christopher Preble writes of a growing
conservative rift over just what and how much our military should be doing overseas. An increasing cohort of conservatives argue that cutting back our
overseas interventions and commitments will make our military stronger and the nation safer.
Of course, cutting spending without a corresponding reduction in commitments is a recipe for overburdening service members taxed by too frequent deployments to far-flung places. But it is already obvious that most of what America spends on its military—often erroneously labeled "national defense"—really defends others who can and should defend themselves.
It's time for advocates of free markets and limited government to recognize that a vast military presence around the world is utterly inconsistent with those ideals. If we agree that government intervention domestically often has unintended, harmful consequences, we should recognize that the same principle holds true internationally, in spades. (Christopher Preble - WSJ)
The budget battles and government downsizing skirmishes have barely gotten started, so strap it on troops! We've just begun to fight.