Liberals have done a masterful job in directing the “fiscal cliff” rhetoric around a single solution: Raise taxes on the wealthy. Lost in all this rhetoric is that spending is out of control.
Increasing taxes on those who earn more than $250,000 would raise approximately $80 billion per year.
The question to all those liberals who believe that this will solve all the nation’s fiscal problems need to also come up with solutions around what to do about the $1.2 trillion in deficit spending that remains after these tax increases would go into effect.
But liberals don’t talk about spending reductions. They simply provide more public rhetoric about a “balanced approach” with no specifics on attacking the out of control spending.
Two spending reductions the liberals should love. First, immediately transition all public sector union members into the Obamacare health care program as it is sold by liberals as such a great, low-cost plan. Second, transition all newly hired public sector union members into the Social Security system and cancel the pension obligations for those entering the workforce.
The truth is that Washington and Illinois doesn’t have simply a taxing problem. Washington and Illinois has a spending problem.
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