Quote:
Originally Posted by detbuch
Isn't that the beauty of tax revenue shortfalls? There is no money to fund bloated spending. Doesn't this argue for spending cuts rather than tax increases as the method to reduce the deficit? Raising taxes will just pay for bloated spending. Parkinson's second law--expenditures always rise to meet income.
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Exactly. But when liberals confront this issue, they spend 99% of their time talking about increasing revenue (tax hikes) and almost no time talking about menaingful cuts. Libs ain't about to statr saying "no" to labor unions, for example. And caving in to public labor union demands is a huge reason why most states are in dire financial shape.
As Gov Christie in NJ says, we don't have a revenue problem, we have a spending problem. If a 30 year-old NBA star is bankrupt, his problem isn't that he doesn't make enough money. His problem is that he needs to get a grip on his spending. Politicians are in the same boat...