(Paul Jacob) – The Tea Party’s House Republicans have begun work, outlining a “plan to attack the federal deficit. The result: A proposal to cut $100 billion,” which amounts, in the words of Tom Mullen, on LewRockwell.com, to a mere “[s]even percent of the deficit.”
Disappointing. But wait, Mullen goes on, “if history has taught us anything, it is that this isn’t ‘just the beginning,’ with more substantial cuts to follow. This will be the high water mark as far as reduction in government spending is concerned.”
Mullen then offers an alternative venue: The states should unite in defiance of Washington, authorizing and defending citizens who withhold income tax payments until Congress balances the budget. He calls this “interposition.”
Radical, yes. But it will prove even less effective than our House’s first foray.
Why? Many of the states are in just as bad a financial shape — or worse — than the federal union, and are presumably right now primping for federal bailouts.
What to do?
Brew stronger tea.
And throw it at Congress.
No state bailouts. The only thing the House can do, alone, is prevent more debt. Don’t raise the debt ceiling, and force President Obama and Democrats in the Senate to take budget cuts seriously — big budget cuts — now.
As I wrote a few days ago, let’s put the federal government onto a cash, pay-as-you go finance plan immediately. This would require, certainly, no small amount of courage from House Republicans.
Brew stronger tea.
This is Common Sense. I’m Paul Jacob.
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