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More importantly, we should remember that every dollar the government spends is one less dollar that you can spend on food, clothing, housing, charitable contributions, or other goods and services of their choosing. It is, after all, your money.
What’s missing in Washington is not the courage to raise taxes, but the courage to cut spending. Unfortunately, that type of courage truly remains lacking—on a bipartisan basis.
Recently, Rep Paul Ryan (R-Wisc.)—one of the youngest members of Congress at age 40, but seemingly one of the few adults left in Washington—put forward a comprehensive proposal to reform entitlement programs and bring government spending back down to historical levels. His plan attracted fewer than a dozen co-sponsors. No one from the Republican leadership backed it; they were too busy complaining that the Democratic health care bill cut Medicare. (It actually won’t, unfortunately.)
And the Democrats? Their latest contribution has been the aforementioned health care bill, with its unprecedented level of budget chicanery to hide its true costs.
It has long been a truism that “if something cannot go on, it will eventually stop.” In Washington these days, Congress seems determined to prove that wrong.
Michael D. Tanner is a Cato Institute senior fellow and author of “Leviathan on the Right: How Big-Government Conservativism Brought Down the Republican Revolution.”
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