Spending Cuts and Tax Cuts Should Be an All-of-the-Above Option, Not an Either-Or Choice

Im in Slovenia where I just finished indoctrinating educating a bunch of students on the importance of Mitchells Golden Rule as a means of restraining the burden of government spending.

 

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And I emphasized that the fiscal problem in Europe is the size of government, not the fact that nations are having a hard time borrowing money. As explained in this video, spending is the disease and deficits are one of the symptoms.

This is also an issue in the United States, and Steve Moore of the Wall Street Journal is worried that the GOP ticket is debt-obsessed and doesnt have sufficient enthusiasm for lower tax rates and tax reform.

Stylistically, Paul Ryans Republican convention speech last night was a grand slam. But was it the growth message that supply-siders wanted to hear, or debt-clock obsession? There were clearly apocalyptic claims. Before the math and the momentum overwhelm us all, we are going to solve this nations economic problems,

Romney 47% Obama 44%
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