Despite being branded by the media as selfish, demanding or childish, the Tea Party has positioned itself as the responsible adult in the room. Cut, Cap and Balance solves the immediate debt ceiling problem and gets the budget under control in the short and long term. It’s not only a reasonable compromise; it’s a smart solution. Raising the debt ceiling is a temporary fix, whether it’s raised through the end of the year, through the 2012 election or further, because it only treats a symptom of the real problem: the debt itself. Without a serious, comprehensive approach to budget reform, we face a long-term sovereign debt crisis similar to the one Greece is experiencing.
We’ve simply run out of money, and it’s now time to make hard choices and set priorities. The United States spends roughly $300 billion a month, 43 percent of which is borrowed. That’s not a sustainable spending pattern and isn’t a practice we should endorse by raising the debt ceiling without cutting spending. We need to cut spending and grow the economy.
That’s why tax increases are and should be off the table. As long as there are programs like AmeriCorps and subsidies such as those that prop up ethanol, we can afford cuts without raising taxes. Addressing the debt without raising taxes sends an important message to American businesses, which are hording cash but not hiring in large part because of uncertainty over the future of taxes and regulations, according to a recent report in The Washington Post.Read more: http://dailycaller.com/2011/07/28/tea-partiers-are-the-adults-in-debt-ceiling-debate/#ixzz1TQI5Kk00
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