In yet another move to distance himself from the current GOP leadership, Senator Rand Paul discusses the real issue that is hardly being mentioned in the current and largely fake fiscal cliff negotiations and puts in plain terms that if Republicans continue to refuse to lead responsibly on this issue – why bother having a Republican Party at all?
(“It will also defeat the purpose of even having a Republican Party.” -Rand Paul )
EXCERPT: (via IBD)
Fiscal Cliff’s Dirty Secret: It’s Not About Taxes At All, But Too Much Spending
The current debate over tax hikes is an empty one built upon a false premise. The debate is whether raising tax rates will address our current crisis. The premise is that it is a lack of taxation that has led to the crisis. Both are hopelessly wrong.
President Obama’s proposed tax increases on the top 2% of earners would fund the federal government for about eight days. Even if we taxed Americans earning over $1 million on 100% of their income, we would raise only about $600 billion in revenue.
Taxing citizens at this level is a tyranny even Europe hasn’t reached, and still it would only address about one-third of our deficit.
…Every dollar the government takes is another dollar used unproductively. Every dollar removed from the private sector and wasted in the hands of bureaucrats is a dollar that will not be used to purchase goods, to pay for services or to meet a payroll.
With a $16 trillion national debt and well over $1 trillion annually in deficits, we barreled over the edge of fiscal insolvency long before this month.
…Democratic leadership still insists that Social Security and Medicare are just fine. Meanwhile, Social Security actuaries tell us that Social Security this year will spend $165 billion more than it receives. Medicare will spend $3 for every $1 it collects. Yet, the president says he doesn’t have time for entitlement reform.
…Republicans are supposed to be the party of limited government and low taxes. These are our most core and basic principles. I don’t think it’s time to change who we are or what we stand for. It will not help our economy. It will also defeat the purpose of even having a Republican Party.
Senator Paul’s frustration is shared by others within the GOP who feel Speaker Boehner has allowed himself to be manipulated into giving up far too much to Barack Obama’s demands for higher taxes and very limited reductions in government spending. At present, Barack Obama has indicated NO real reductions in spending – he is simply demanding all people or small businesses making over $250,000 start paying much more in federal taxes. A few years ago Democrats were indicating a willingness to cut three dollars of government spending for every dollar of tax increases. That indication is now non-existent. Barack Obama wants NO decreases in the size and scope of government, but does want MORE money from private citizens struggling to remain successful within the Obama economy.
By speaking out here, Rand Paul is attempting to define and give voice to a wing of the Republican Party that has been under attack by party leaders since the 2010 midterms. He does so at great political risk – but it is such risk that defines true leadership qualities, and is so rare in this age of American politics. -UM