Thomas Sowell on Deficit Reduction

From Townhall.com by Thomas Sowell:

Another deficit reduction commission has now made its recommendations. My own recommendation for dealing with deficits would include stopping the appointment of deficit reduction commissions.

It is not the amount of money that these commissions cost that is the issue. It is the escape hatch that they provide for big-spending politicians.

Do you go ahead and spend the rent money and the food money– and then ask somebody else to tell you how to escape the consequences?

If President Obama or the Congress were serious about keeping the deficit down, they could have had this commission’s recommendations before they spent hundreds of billions of dollars, handing out goodies hither and yon to their pet constituencies.

I don’t know why people agree to serve on these bipartisan commissions, which save the political hides of the big spenders after they have run up huge deficits. Back in the 1950s, there was a saying: “If you didn’t invite me to the take-off, don’t invite me to the crash landing.”

Deficit commissions make it politically possible to spend money first and get somebody else to recommend raising taxes later. They are a virtual guarantee of never-ending increases in both spending and taxes.

Read the rest here:  http://townhall.com/columnists/ThomasSowell/2010/11/16/deficit_reduction

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One Response to “Thomas Sowell on Deficit Reduction”

  1. Teeing it Up: A Round at the LINKS SENTRY JOURNAL | SENTRY JOURNAL Says:

    […] Thomas Jefferson Club          Thomas Sowell on Deficit Reduction […]

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