Taxes, Debt, and the Parable of the Two Builders
When considering the debate over taxes and spending, I am reminded of the Parable of the Two Builders. The wise man built his house on a foundation of rock, and no rain, wind, or flood could knock it down. The fool, who built on a foundation of sand, was quick to find misfortune.
We can build America’s future on the foundation of greater liberty, a stronger commitment to free enterprise, a less intrusive federal government, and fair opportunities for every man and woman to earn their success. We can pursue pro-growth tax reform (not tax increases) and the sensible changes offered by House Republicans to revamp Medicare and fix the broken welfare system. That would be a wise path.
But there is also a foolish path, one built on higher taxes and debt to feed an activist government that alleges to do for us what we could better do ourselves. When the inevitable storms come – when lenders stop lending, investment slows to a trickle, and the revenue dries up – houses built on sand will crumble.
The fiscal cliff’s spending cuts are relatively modest in the short term, but a $500 billion per year tax increase would do very bad things to our economy. To prevent that, President Obama will have to do more than give speeches and recite talking points. Republicans spent the last few years offering solutions and negotiating with ourselves. It’s time for President Obama put his plan to paper and send Congress an actual piece of legislation to consider.
Tags: President Obama, Congress, Taxes, Debt, Parable of the Two Builders, Jim Jordan To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 7:05 PM - Post Link
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