February 12, 2018
In your heart, you know Rand Paul was right
He often is.
Tax cuts are good. And needed to be had. But with those tax cuts should come a reduction is spending. The debt that hangs over us is expensive in many ways.
(From The American Spectator)
Senator Rand Paul was right in voicing his concern over the debt level of this country because, in the medium-to-long-term, it’s a grave (and growing) threat. Congress deferring until March 2019 to handle the budget again could end up working out well (if congressional leaders sat down and mapped out a plan to address things like entitlement reform and overall spending reductions). However, should Congress continue its business-as-usual approach to governing between now and 2019, whatever economic gains we enjoy over the next few years from regulation reductions and the tax cuts, will be diminished (and eventually erased) by the failure to restrain our deficit spending and to reduce the debt.
President Trump, as the de facto head of the Republican Party, must direct the GOP to begin focusing on campaigning for—and governing on—a platform of spending reductions (since Democrats have a religious commitment to permanent increases in government spending). Senator Paul was right: a debate on this issue must be had on the matter. But, such a debate can (and should) only be had between the voters. As was proven this week, if left to a debate within Capitol Hill, the debate will never be had.
Copyright © 2018 Against Crony Capitalism.
Reprinted with permission from Against Crony Capitalism.