Honest people with income and bills know that itâ€™s possible to cut spending.
We donâ€™t always do it when we should. Sometimes weâ€™re undisciplined. But we suffer costs for that lack of discipline. We suffer them directlyâ€”as individuals and as families.
In the world of government expenditure, however, itâ€™s always other peopleâ€™s money being spent or misspent. And the people willing to pick our pockets donâ€™t suffer any direct costs from squandering the funds.
From this lack of incentive or scruple they derive a theory â€”Â that thereâ€™s no way to cut government spending. Theyâ€™d prefer not to, itâ€™s a bother. So itâ€™s mission impossible.
California lawmakers love this theory. Seems tax revenues are declining of late. Something about a weak economy. State Senator Denise Ducheny advises voters that the stateâ€™s budget deficit has now climbed to $14 billion. Assembly Speaker Fabian Nunez says: â€œThe problem is so severe that we donâ€™t have a choice but to raise taxes.â€
Right. No choice but to weaken the economy even further. Make it even harder for people to pay their bills.
Weâ€™re hearing similar assertions in response to any tax-cut proposals being made in the presidential campaign. Impossible to shave more than a buck or two from federal spending. So how can we cut taxes? What a quandary.
According to my own theory, itâ€™s easy to cut government spending. Use scissors.
This is Common Sense. Iâ€™m Paul Jacob.