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| Source:The Washington Times- cover photo. |
"Between servicing the debt and funding entitlement programs, our government is overburdened by its financial obligations. In the current negotiations over how we can avoid falling off the fiscal cliff, some Republicans have indicated willingness to give in to the Democrats’ demands that taxes be raised in order to meet these obligations. Unless limits are placed on spending levels, however, increasing government revenue will not solve the problem in the long term. Any increase in revenue must be accompanied by a limit on spending.
The growth in government is reflected in its spending, which has steadily increased as a percentage of the nation’s GDP. Whenever the government increases its spending obligations, the taxpayers are asked to give “just a little bit more.” Over time, this “little bit more” ends up being quite a bit more. Unless we put a limit on how much the government can spend, it will keep spending, and taxpayers will continually be asked to give more.
Placing a cap on government spending as a percentage of GDP would accomplish several important goals. First, it would ensure that the growth of government is directly tied to the growth of the private sector. It makes little sense for government services and spending to grow at a time when the private sector is struggling to find its economic footing. When the government seeks to help the economy by spending taxpayer money, the spending guarantees the growth of government and nothing else. Taking money from some and giving it to others in hopes of spurring economic growth is like taking water from one end of the bathtub and dumping it in the other in an effort to raise the overall water level in the tub."
From The Washington Times
