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IPFS News Link • Ron Paul Says...

Anti-Liberty Conservatives Want More Theft

• Ron Paul Institute - Ron Paul

The organization claims a GOP embrace of higher taxes will enable the uniparty's left (Democratic) and right (Republican) wings to create a deficit reduction plan balancing tax increase with spending cuts.

American Compass is correct that both parties need to prioritize deficit reduction. The 35 trillion dollars (and rising) national debt is a big threat to prosperity and liberty in America. However, history shows that any "bipartisan" agreement to raise taxes and cut spending results in higher taxes and higher spending. The classic example is the deal President Reagan made with congressional Democrats to cut spending by three dollars for every dollar in tax increases. Congress eagerly authorized the higher taxes and then disregarded its promise to cut spending.

The only "cuts" most members of Congress will agree to do are "reductions in the projected growth of future spending," while Congress regularly uses "emergency" spending bills to violate "spending caps."