In the world of diet and weight control, the theory of a weight “set point” is widely accepted. The set point theory states that each person's body has an internal gauge based on certain factors that determines the amount of fat needed to function. The body's metabolism will do whatever is necessary to maintain this predetermined fat level.
I am beginning to think that the federal government also has a “set point”, a spending set point and that Liberals will do anything to maintain the federal government fat levels.
Recently a public debate between Secretary of Treasury Timothy Geithner and Representative Renee Ellmers (R-NC) pointed out that reducing the size of government is not really an option to the Liberals. When Ellmers finally told Geithner that “the point is, we need jobs,” he responded that the administration felt it had “no alternative” but to raise taxes on small businesses because otherwise “you have to shrink the overall size of government programs”—including federal education spending.
“We’re not doing it because we want to do it, we’re doing it because we see no alternative to a balanced approach to reduce our fiscal deficits,” said Geithner. (1)
Well there we have it - “no alternative” - the only way to reduce the federal deficit is to increase taxes. At least Mr. Geithner was honest enough to admit that if the level of federal fat is going to be maintained, we must raise taxes on small business. Geithner, who had trouble paying his own taxes before coming to work in the White House, now sees increase taxes as the “only alternative” to a balanced federal budget.
As President Obama’s Chief of Staff said, “Never let a good crisis go to waste”. Apparently if you don’t have a crisis, you just create one. It would appear that the budget was not sufficiently in debt when we spent 2 trillion dollars a year, so the Democrat’s drives spending up to over 3 trillion and presto debt crisis, now we have “no alternative” but to raise taxes, really it wasn’t our fault cry the Liberals.
Let’s just look at some statistics. As of December 28th, the U.S. national debt was $13,877,230,355,933. (That’s trillions of dollars in case you lost count of the zeros), the U.S. national debt is increasing by roughly 4 billion dollars every single day. The U.S. government is borrowing approximately 2.63 million more dollars every single minute. September 30th, 1980 the U.S. national debt was 907 billion dollars. Just thirty years later, the U.S. national debt is over 14 times larger. (2)
A federal government that only spent 2.4 trillion dollars in 2008 now must raise taxes so it can spend 3.5 trillion in 2012. The liberals are not even satisfied with maintaining the existing level of government fat; they want to gorge themselves on tax dollars to increase the fat levels by 30%!
The First Lady’s “Lets Move” program is focused on reducing obesity in children, maybe her husband could think about the same program for the federal budget.
(2) http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
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