I am beginning to sound like a one-note fiddle, I know. But I can't pretend that the thought of an economy strangled by debt for the next decades doesn't scare me. I know it sounds pretty to guarantee new fully-funded entitlements, but the President and Democrats in Congress don't seem to realize we haven't yet funded the old ones in any sustainable way. Each new false promise throws more and more debt upon the young and the children of the young, guaranteeing that they will be crippled with debt even as they try to compete in an increasingly crowded global marketplace. Even decades ago, Reagan knew this wasn't possible: crushing taxes will strangle the very innovations and investments we need to make to compete and survive.
And if you don't buy my story, check this guy's-- James Pethokoukis has a great column today that all y'all should read!
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