Archive for the ‘federal spending’ Tag

(One more time with feeling) “It’s the spending, stupid!”

The comment is:

“Soak the rich” exhibits the finest attributes of human nature; namely class envy, hatred and warfare against anyone seen as “not one of us.”

The problem is not that the government does not steal enough money from people. The problem is that the government spends more money than it has. And there is not a single iota of evidence ever anywhere in the know universe that proves anything except that if the government raises taxes, it will simply spend even more money it doesn’t have.

Or to paraphrase ol’ Slick Willie Clinton, “It’s the spending, stupid.”

The article is here.


A misguided amendment

A proposal at PajamasMedia would create a constitutional amendment to limit spending.  It would limit growth in federal spending to 2% greater than inflation.

Always remember: You get what you incentivize.

Limiting government spending to some value over inflation means that Congress will a) work to maximize inflation, and b) try to shrink the economy so that federal spending will grow faster as a percentage of GDP.  It’s the Law of Unforeseen consequences…except it is so easily foreseen.

There is a move afoot to amend the constitution to allow 2/3rds of the states to overturn a federal law.  I like that one.  Actually I like that one a lot because it does what the Constitution was actually created to do.  Namely, provide checks and balances against excesses of power.  The three branches of government was what the Founders imposed.  But they didn’t foresee (there’s that unintended consequences again) all three branches boarding the omnipotent federal government train and working together to share unlimited power together.

Of course my first amendment is always term limits for congresscritters and the supreme court.  Guaranteed unlimited tenure never works well.  and I believe many of the problems people try to fix with a host of constitutional amendment would be addressed by eliminating the lifetime career politician who’s only loyalty is to the political machine.