Congress and the President have lowered
taxes. That is a great first step, but the second step should be to
lower spending. The national debt is now $20 trilllion. There is
going to be a point where people aren′t willing to loan the
government money anymore. The federal government will either have to
hyperinflate the dollar, default on some of the bonds, or a
combination of both. Expect a HUGE debate on whether or not Social
Security benefits should be available to men born after 1959 who
failed to register for the draft.
Some people will claim that deficits
don′t matter. If this is true, why bother with taxes at all? Just
eliminate all taxes, and give everyone EBT cards on top of that. Only
people who hate money could possibly oppose that. Except you all know
it can′t possibly work.
Democrats won′t cut spending.
Republicans will talk about cutting spending, but won′t actually do
it. The real reason why Libertarians don′t win elections is because
we would actually cut spending.
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