In Debt Limit Debate, Higher Taxes Aren’t the Answer

Republican congressional leaders will meet in the White House today with their Democratic counterparts and President Obama in an effort to reach an agreement on the debt ceiling. Reports are sketchy as to whether they will succumb to arm-twisting by the White House, amplified in the media, to cut a deal in which “everyone has to give a little”—or fill your preferred cliché. It is thus an appropriate time to remind everyone that Americans have already given all they can, especially to the IRS, and, no, it isn’t time to raise taxes—on the contrary, it’s time for politicians to curb their spending habits.