According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.
When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 3:1 and 2:1.
If we get no cuts in our unconstitutional, irresponsible spending in deals like this even with Ronald Reagan…what fiscal horrors can we expect with an up-front ration of 41:1 tax increases to spending cuts?
The worst part of yet another worthless deal like this that “Republicans” have agreed to: even gouging the American people like this will not come remotely close to closing the gap between our revenue level and our outrageous spending. It fulfills Obama and the Democrats’ lust to perpetrate Marxism on the American people, without even a tangible facade of dealing with our financial irresponsibility.
As I said to a friend this morning on an unrelated (but behaviorally similar) issue, the center does not hold. You can’t count on anyone to play the grownup anymore–certainly not the once-great Republican Party. Everyone–especially those who have the greatest trust to hold the line against injustice, irresponsibility, corruption and chaos–no longer gives a damn about what is right, and will eagerly settle for whatever expeditious thing will allow them to save the most face with the least effort.
Happy New Year, and may God have mercy on His remnant in America.
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