Nothing to Fear but the Truth Itself

Sometimes when you are near the bottom, there is something that gives you hope.  I’ve been disheartened lately.  Because even if the Republicans manage to take back the House and make in-roads in the Senate, I’m skeptical that there will be enough new blood in Congress with the courage to bring the country back to fiscal sanity.  Quite simply, so few have the guts to give us the real story. Entitlements must be cut, taxes must be raised, and we need to completely re-think our role as a military power on the international stage.

So why am I hopeful this Sunday? Because I heard two conservatives actually being conservatives – saying that taxes would likely have to be raised on everyone to get us back to fiscal balance.  Finally, straight-talking conservatives spoke the truth without the fear of going against traditional Republican tax dogma.

These conservatives were Rick Santelli and David Brooks. Check out Meet the Press and hear it in their own words. Granted neither was running for office, so the risk of telling the truth was low.  But as Brooks pointed out, Americans are not quite ready to hear that we need to be cutting spending on social programs and raising taxes like they are doing in the U.K. today.

But for now a poll.

 

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One response to “Nothing to Fear but the Truth Itself

  1. Good perspective. Unfortunatley David Brooks isn’t running for anything.

    Now one thing I suspect my fellow Republicans are incorrect in pushing is the line that we don’t have a revenue issue. If I look at the site http://www.usgovernmentrevenue.com/#usgs302a its appears that income taxes are off by something like 300 to 400 billion when comparing 2008 or 2009 with prior years of 2007 or 2008.

    Considering a certain amount of money went to one offs, like TARP and the auto bail outs, I suspect spending will start coming in line with normal budgetary practices. Also the Iraq war is winding down, although Afghanistan may eat the gains.

    I prefer balanced budgets, but I also realize that revenue is a moving target depending on economic circumstances, and those circumstances are not so great now. Moreover, I noticed that austerity has a mixed history – Just see how it took years for Latin American countries to recover from inflationary periods using such approaches in the 1980s and 1990s, or E. Europe with shock therapy to overcome radical communist policies in the 1990s, or Japan’s struggle with a post asset boom almost 20 years ago.

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