Reining in Government Spending? Let’s Get Real

Source: Town Hall
by Larry Elder

“Behind the refusal of the House Republican Party’s so-called freedom caucus to vote for Rep. Kevin McCarthy, R-Calif., is the caucus’s skepticism that he will actually ‘rein in government spending’. I’ve never quite understood why all Republicans do not belong to the Freedom Caucus. If the Republican Party supports low taxes, light regulations and strong national security, why is a Freedom Caucus even necessary? Here’s the problem. In 1900, government at all three levels — local, state and federal — taxed Americans at about 9% of their earnings. Now, it is over 32%. As former President Ronald Reagan said: ‘Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.’ The federal budget devotes about half of its spending to the so-called ‘entitlement’ programs: Social Security, Medicare, Medicaid and Obamacare.” (01/12/23)