Tax Guru-Ker$tetter Letter

Thursday, February 06, 2003

Budget Bloat

As Stephen Moore points out, our GOP controlled DC ruling bodies are losing the battle against big government spending. A 50% increase in the Federal budget doesn't make their claims of fiscal control and smaller government very credible. Our chances of ever seeing our tax burden decrease drop off in direct proportion to the growth in the Federal budget. GOP pork is just as expensive and irresponsible as that doled out by the Dems. The National Taxpayer Union is just as upset over this as Stephen Moore and I are.

I do take exception to the connection that NTU and everyone in the mainstream media make between tax rate cuts and the deficit. As proven by the Reagan tax rate cuts, lower rates produce more revenue. Deficits are a direct result of uncontrolled spending, just as they were in the 1980s and 90s. Every time you see someone try to blame deficits on tax rate cuts, you need to realize that person is either an idiot, a liar, or more likely both, and definitely not to be trusted.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 2/06/2003 10:30:00 AM Send this post: