Friday, April 27, 2012

Will Higher Taxes Balance the Budget?

Why is cutting spending never an option on the table? In this video Antony Davies explains why higher taxes won't balance the budget.

The government spending tsunami has almost engulfed the working class. Today, even the suggestion of taking money away from any bureaucracy, special interest or constituent group is greeted with wails and threats to reelection. So it will take a group of principled politicians to lock arms together and do it. Of course, a principled politician is rather like a unicorn -- exceedingly rare, if not non-existent.

There are the low-ball spending projections from the CBO:

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