Wednesday, August 16, 2017

Tax cuts

If someone owed you a large amount of money, would you think kindly of his taking a lower-paying job just because he did not wish to have to work as hard? Not likely!

The United States of America owe over 11 trillion dollars. We have a moral obligation to pay that debt. A moral obligation. Therefore, we have a moral obligation to run a revenue surplus each year, and to pursue whatever fiscal policy will maximize that surplus, at least until we get our debt paid. I have no sympathy whatever for the party (Republicans) who do not want to pay more taxes nor for the party (Democrats) who do not want to cut spending. Neither party appears to have the slightest intention of fulfilling their moral obligations. To borrow money without any intention of paying it back is stealing.

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