Thursday, September 16, 2010
The American Spectator : The Difference Between Thine and Mine
The American Spectator : The Difference Between Thine and Mine:
The President's budget reform panel is being encouraged to sniff for smoke in the midst of flames. At its latest public meeting it was told that tax breaks are 'backdoor spending.' There is a two-fold problem in accepting such an equivalence. First, the nation's fiscal predicament is not any so-called 'backdoor spending,' but uncontrolled 'front door' spending. Second, not only are the two not quantitatively comparable, they are not qualitatively so either."
The President's budget reform panel is being encouraged to sniff for smoke in the midst of flames. At its latest public meeting it was told that tax breaks are 'backdoor spending.' There is a two-fold problem in accepting such an equivalence. First, the nation's fiscal predicament is not any so-called 'backdoor spending,' but uncontrolled 'front door' spending. Second, not only are the two not quantitatively comparable, they are not qualitatively so either."
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