A lot has been said about the Bush tax cuts and whether to eliminate them, eliminate parts of them while keeping others, or to keep them. I’m a big fan of tax cuts of any kind and would like to see the cuts made permanent, but I doubt that will happen with Obama in the White House.
Left-wingers claim that these tax cuts caused our current financial and economic situation. Conservatives disagree with this, but haven’t proposed any coherent solutions of their own (with the possible exception of Rep. Paul Ryan).
I have a solution to the real problem – that is the exploding size of the federal government. Since liberals seem so intent on wiping away Bush’s legacy, let’s take the size of the federal government back to Bill Clinton’s last year when the federal government spent a mere $1.9 trillion.
Government didn’t seem too small back when Clinton left office, but federal spending has doubled since then to $3.8 trillion! That is our real economic problem and I’d like to see someone argue how that extra $1.9 trillion in federal spending has made us more secure and economically-prosperous than we were 10 years ago.