“I’d be tempted to just blow it off if it were not so cruel, stupid and dangerous,” said Senator Barbara Mikulski of the “cut, cap and balance” plan passed by the House yesterday and sent to the Senate. “It’s cruel because it invents new rules of how we’re going to calculate social security, what we’re going to do to Medicare. It’s stupid because it doesn’t solve our problems and it’s dangerous because it could bring our economy down.”
Of course, we could apply the same adjectives to the Democrat plan (or what we can only assume is their plan since they’re not exactly putting anything on the table). What’s cruel about what Democrats wants to do is that tax hikes will keep the economy from growing, and keep Americans out of work. It’s stupid because they want to keep government spending at levels that are well above historic levels as a percentage of GDP. And it’s dangerous because it keeps us on a spend and borrow path toward insolvency.
As the government runs up more debt, and prints more money to finance spending, the dollars we use to live our lives are worth less.