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Restoring Fiscal Sanity

Ray251 Wrote: Apr 01, 2012 8:47 AM
Give a politician $1 and he'll spend $5. Then he calls for higher taxes to cover the deficit, but if we give him the extra $4, he'll just spend $20.

“I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared,” Thomas Jefferson once wrote. “To preserve our independence, we must not let our rulers load us with perpetual debt.”

Fast forward to 2012, and the notion of “perpetual debt” is no longer a condition to be avoided. It’s a reality we must confront -- a crisis we must solve. This is especially true because, as Jefferson warned, our very liberty is at stake if we fail to do so.

Remember the clash on Capitol Hill last year over raising the...