A Balanced Fiscal Plan Must Include Spending Cuts
December 11, 2012
‘The President seems to think that if all he talks about are taxes, and that’s all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control, and that he himself has been insisting on balance. A couple weeks ago, we saw his plan. After four straight trillion dollar deficits and two years of running around calling for a balanced approach to bring those deficits under control, we saw his idea of ‘balance’: a $1.6 trillion tax hike, new and totally unprecedented power to raise the federal debt limit at his whim, and $50 billion in Stimulus-type infrastructure programs — in other words, even more spending.’