Thursday, February 05, 2004

If you operationally define fiscal irresponsibly as spending more than you take in, then you can become fiscally responsible by increasing the amount you take in until it meets the amount you spend.

That was awkward. I am much more comfortable saying that you become more fiscally responsible by spending only what you take in.

The second paragraph is something everyone has inculcated into them from a young age (someone just disregard it obviously), but not politicians.

And in 2004, those politicians are Democrats. By reducing the gap between "revenues" and expenses via higher taxes (and don't believe increasing taxes on the rich will not trickle down to higher prices for the poor who buy goods and services from the rich), the Dems can say they are more fiscally responsible.

Nevermind whether or not raising taxes is fiscally responsible or not.

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