I have been waging a continuous war on taxes and increasing them. I personally think that the best way to cause our elected officials to reduce the size of government is to reduce the amount of money we give ’em. Those on the left feel that the best way to balance the budget is to INCREASE taxes. Now, unless they are pure Marxists who simply will not accept any other form of economic structure than that of transferring money from the wealthy to the poor, what my friends are saying is that we need to increase taxes to increase REVENUE.
The more money IN, the better off the budget/deficit will be.
Sadly, for the second year in a row and for the last 24 out of 30 years, the left has succeeded in growing revenue. In 2011 the United States Federal government will have taken in $2.3035 trillion. This represents a 6.51% increase year over year 2010.
If I’m lucky I can achieve my goal of shrinking government in 2012 but it doesn’t look good. The Tax Policy Center is calling for a 2012 tax receipt increase of $165.1 billion in 2012. And it only looks to get worse year over year after that.
Sigh.
Our debt problem is immense and the only way to address it is a compromise. Raise taxes on the wealthiest, keep middle class taxes where they are. Cut spending on a variety of programs, including entitlements. In short, we’ve been cutting taxes and increasing spending for thirty years. We can’t solve the problem using the ideologically preferred solution of the left or the right. We can’t increase taxes to eliminate the debt, or just decrease spending. The two sides have to compromise, that’s the way the American political system works. If they wage ideological jihad and neither side compromises, the country will continue to weaken and America’s day in the sun is over.
Raise taxes on the wealthiest, keep middle class taxes where they are. Cut spending on a variety of programs, including entitlements.
We need to increase revenues and decrease spending.
Left alone, we increase revenues each year at a 7% clip. Now we just need to cut the spending.