By Warner Todd Huston ——Bio and Archives--June 29, 2009
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Well, there is this mantra out there ‘live within our means’, and while that sounds really nice, it sounds really simple, and it sounds really responsible, its meaningless. Our means are completely within our control. And, as has been pointed out by numerous people, we have just recently given away huge corporate subsidies in February, we have given away other tax reductions over many many years we’ve created new tax loopholes, in good times we routinely give away taxes, and then in lean times we never replace those tax deductions or close those loopholes. We continuously borrow, which is an enormous cost that we shift on into future years, and we find ourselves now with a deficit that — an ongoing structural deficit that we simply can’t close. So, ‘live within our means’ doesn’t mean anything. The fact is, we have a state that has a population that have needs, that we have a moral obligation to provide.
Unbelievable, isn’t it?
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Warner Todd Huston’s thoughtful commentary, sometimes irreverent often historically based, is featured on many websites such as Breitbart.com, among many, many others. He has also written for several history magazines, has appeared on numerous TV and radio shows.
He is also the owner and operator of Publius’ Forum.