Archive for Congress

It’s the Spending, Stupid

Posted in Economics, Explanation, Government, In the News, Politics, Taxes, Uncategorized with tags , , , , , , , , , , , on December 3, 2012 by Xajow

There is a lot of talk going on about the “fiscal cliff” and raising taxes. What few if any in the U.S. government seem to be willing to say is that this notion that Congress needs to take this so-called “balanced approach” to solving the problem of debt caused by Congress’s excessive spending, is a lot of nonsense. The government does not need more revenue. What it needs is to cut spending. And putting a lot of weight on the tax revenue side of things is not balanced at all. It is unbalanced, but it is also an attempt to misdirect the attention of the people. Continue reading