No matter how obvious it is–habitual deficit spending is the sole cause of debt–many insist government must take a “balanced approach” to address the country’s debt problem. “Balanced approach” is often code for “tax increases on the rich” (where the definition of “rich” is anything but narrow).
Could increased tax revenues solve the federal government’s debt problem?
Let’s hear from Professor Antony Davies in this great video from LearnLiberty.com.
As Professor Davies says, “It is time to start working on legitimate solutions, like cutting spending.” We couldn’t agree more.