To a politician every problem looks like another way to spend someone else’s money. Just look at their solution to every problem under the sun. We have a problem with the economy, let’s just issue government bonds and use tax dollars to buy them back. Children aren’t learning in school, reward bad behavior with increased funding. Hurricane hits the east coast, let’s put a new roof on the Smithsonian museum and increase funding to Head Start. Too much effort needed to track those sneaking into the country, why don’t we just give them reduced tuition, driver’s licenses and a path to benefits. No problem is too complex or too big not to be solved by pouring money on it.
Of course this leads to the other side of the coin, running out of other people’s money. We have been informed by our watch dogs in the press this was taken care of by raising taxes on the rich. To the shock of many Obama voters this year, rich is anyone with a paycheck.
To thinking Americans it is inevitable. When you give away forty percent more than you take in something or someone has to give. To achieve a balanced budget either we cut spending by half or double taxes. Don’t think our current crop of politicians can’t see this. Whenever talk gets around to raising the debit or even trying to budget spending, the conversation turns to raising revenue. They like to point out that from 1945 till 1964 the top tax rate was 91%. Glossing over the fact that after generous deductions the real rate was 30%.
The only time politicians don’t like more spending is around election time and when they won’t get credit for doling out dollars. Just look at Obama’s, Pelosi’s and Reid’s no votes to raise the debt limit under Bush. They all objected to financing Bush’s reckless spending. Now that’s it’s their spending it is called investing and it is for the children.
So keep this in mind during this tax season as you are hammered with high taxes that Washington wants to pry out of us. Watch as debt and budget talks turn from what to cut to who isn’t paying their fair share. Because to a politician every crisis not left to waste is a chance to spend more money.