If God put the Republican Party on this earth to cut taxes, how do we do his work in the face of these inexorable forces for increased spending? Do we ignore the surging deficits and soaring debt?
Mitt Romney said cutting tax rates would lead to a balanced budget. But when? The Bush tax cuts never did. His were the largest deficits of all, until the coming of Obama.
If we would see our future, we should look to Europe. There, the governments consume more than 40 percent of GDP and, in countries like France, almost 60 percent.
In Europe, the militaries have been hollowed out. Political parties face repudiation. Taxes in France have hit 75 percent. The wealthy flee. Pension promises are reneged upon. Government salaries are cut; employees laid off. Unemployment is astronomical for the young. The divisions deepen; the protests grow. Now, Europe’s banks, fearing social unrest, have started to emulate the Fed and buy up regime debt.
Looking at the West over the last century, the arc of history bends toward socialism and insolvency.
