| ] PAYING FOR THE WAR: So should we? My own view is that] we're not spending enough in the war on terror or
 ] homeland defense. I'm also viscerally opposed to tax
 ] hikes. But I can't keep having it every which way, if I
 ] also believe in restraining the debt. I used to think
 ] that running deficits would itself restrain spending -
 ] and then we see a Republican president endorsing the
 ] Medicare expansion after sending the debt through the
 ] roof. So that theory goes out the window. I don't believe
 ] in the supply-side notion that cutting taxes boosts
 ] revenue so much that the cuts pay for themselves
 ] (although I do think they help stimulate economic
 ] activity). So what's the responsible thing to do?
 ] Ideally, I'd propose means-testing social security,
 ] raising the retirement age, ending agricultural subsidies
 ] and carving away corporate welfare. But none of that is
 ] likely to happen any time soon. So I'm gradually moving
 ] toward the belief that we should propose some kind of
 ] temporary war-tax. Levy it on those earning more than
 ] $200,000 and direct it primarily to financing the war on
 ] terror. Put in a sunset clause of, say, four years. It
 ] may be time for some fiscal sacrifice for the war we
 ] desperately need to fight. And we need to fight it
 ] without creating government insolvency which, in the long
 ] run, will undermine the war. I don't love this idea; and
 ] I'm open to other suggestions. But it behooves us pro-war
 ] fiscal conservatives to propose something.
 [ I'm not a big Sullivan guy, but there's some reason in this...  at the very least it's creative thinking, which we could use more of on both sides of the aisle.    Everyone is *viscerally* against high taxes, it's natural, but *logic* demands that you realize the necessity of taxes at some level, especially, perhaps, in wartime. -k] |