Mises Wire

Easy Money, Easy Lies

tweedle dee and tweedle dum

Strange how campaign season leads to the usual political drama over taxes. Republicans have learned the hard way that they should never raise them, at least not in ways that are noticeable. They accuse Democrats of plotting secret increases. The Democrats deny it but draw attention to mounting debt and hint that solving the problem will require serious measures. These serious measures might involve sacrifice. The voters are suspicious. And so the battle lines are drawn.

This observation is prompted by the disgusting fact that President Bush is running around the country saying that he will never raise taxes. Meanwhile, he is one of the greatest spenders in history. When it comes to his war, he will spend into oblivion. He has been the same on domestic spending too, but for a few high-profile cases of opposing programs that benefit his political enemies.

If this were the 19th century, the debate and drama would make sense. Some politicians believe that the public’s money is up for grabs. Others think that the people ought to keep their own. So it was. FULL ARTICLE

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