] 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] |