The posturing on whether or not to extend the “Bush tax cuts” continues in Congress, with vote-addicted politicians pretending as though the outcome is of life-or-death importance. It is, in fact, nothing more than a political sideshow intended to distract voters.
The phrase “Bush tax cuts” implies that whatever taxes people were paying before they were reduced under George Bush is the magical baseline for taxation. Not so. The real baseline for taxation is zero, because zero is where we began at our founding. A true baseline is where something starts, not some arbitrary number that is decided upon down the road.
It’s time to cut the nonsense. What ending the “Bush tax cuts” really means is raising taxes. The criminal left, strictly for show, says it wants to extend tax cuts for everyone but those making over $250,000 — or $1 million, depending on whom you’re listening to at any given time.
On the other hand, the timid right wants to keep taxes at today’s levels (i.e., “extend the Bush tax cuts”), which does nothing to address the real problem: immoral, suicidal, out-of-control spending that has bankrupted America and is about to make Greece’s economy look like Hong Kong’s by comparison.
No matter who controls the White House, the Senate, or the House, spending will continue to increase — faster if Democrats are in control and maybe a bit slower if Republicans are in control. But continue to rise it will. That’s a 100 percent guarantee — no equivocation.
Now, here’s a perplexing question that no one has been able to answer for me: If the Democrats consider every spending cut to be draconian — and they do — how in the world were people managing to stay alive ten years ago when the entire budget was just over $1.8 trillion (compared to today’s budget of more than $3.8 trillion)?
Since neither side is serious about cutting back on spending, won’t our budget soon balloon to $5 trillion … then $10 trillion … and beyond? If politicians have their way, yes, it will. But reality is catching up with them. The only way they can continue to increase spending indefinitely is by printing so much money that runaway inflation will set in.
As you approach 100 percent taxation on producers, not only is there no more income to tax, the economy collapses. And borrowing will cease to be an option when lenders finally realize there is no hope they will ever be repaid.
Put simply, we’ve passed the tipping point. The American Empire is hanging by its toes over a financial cliff — the same cliff that took down empires in Spain, Britain, Portugal, and Rome. The only way the U.S. can avoid a total economic collapse is by returning to 2001 spending levels — starting early in 2013 if Republicans gain control of both houses of Congress and the White House — then begin cutting back from that level of spending every year until all unconstitutional expenditures are completely eliminated from the budget.
But, as I said, spending will continue to rise no matter who is in control of the political process. Those who put their faith in a changing of the political guard have not learned the lessons of history.
The focus of those who believe in liberty should be on building a new and better America from the ashes of the one that was destroyed by millions of folks who figured out they could vote themselves benefits paid for by their neighbors — a new America where individual liberty is given a higher priority than all other objectives. Meaning an America where redistribution of wealth is strictly prohibited.
I hope I’m around to take part in the rebuilding process. If so, I’d love to head up a committee to write a new constitution based on America’s original Constitution.
The original was perhaps the greatest document ever written, but it’s been clear for quite some time that because of the base side of human nature, it needs some serious tweaking. And the tweak I would fight hardest to make would be to mandate harsh criminal penalties for politicians who violate the Constitution.
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Copyright © 2018 Robert Ringer
ROBERT RINGER is a New York Times #1 bestselling author and host of the highly acclaimed Liberty Education Interview Series, which features interviews with top political, economic, and social leaders. He has appeared on Fox News, Fox Business, The Tonight Show, Today, The Dennis Miller Show, Good Morning America, The Lars Larson Show, ABC Nightline, and The Charlie Rose Show, and has been the subject of feature articles in such major publications as Time, People, The Wall Street Journal, Fortune, Barron's, and The New York Times.
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