Tuesday, October 08, 2013

Is the spending spree over?

“Government spending is taxation, now or later, and cuts in government spending are pro-growth tax cuts. Beyond the essentials of our government—roads, courts, schools, police and fire services, our military—government spending doesn’t create productive resources, especially when it comes on top of the $3.8 trillion a year already spent. The federal government’s main activity now is to redistribute resources, mostly from producers to non-producers. When the money the government takes from workers and producers is used to pay people and companies not to work—food stamps, unemployment benefits, bailouts, Solyndras, Obamacare health subsidies—it’s a double-whammy. Raising taxes on workers and increasing payments to non-workers is why we had the Great Recession and the lousy recovery in the first place.”

From American Spectator, October 2013

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