Posted on 05/03/2011 7:04:48 AM PDT by James H. Shott
With the current brouhaha over the national debt and projected trillion dollar budget deficits, one side wants to cut spending to solve the problem, the other wants to raise taxes on the wealthy and on businesses. The tax raisers talk about cutting spending, and make a token effort to cut a little bit, but mostly they’re just talking. They don’t do spending cuts; they only want to raise taxes.
Like many liberal solutions this one sounds good in the abstract. After all, when you want money, where better to get it than from those that have it? The notorious bank robber Willie Sutton apparently understood this. When asked why he robbed banks he is rumored to have answered, “Because that’s where the money is!” But he found there was a downside to going where the money was, spending about half of his adult life in prison.
And like many liberal solutions to problems there is also a downside to going after wealthy Americans and businesses to satisfy the government’s obsessive spending, and we hear a lot less about the downsides to these solutions than we hear about the wonders they supposedly will produce.
L O V E I T !
Love it!
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