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Cut spending! Don't raise taxes!

In his Townhall.com column today, Jack Kemp explains the reasons for the current fiscal crisis ever so clearly. He writes, "The primary cause of the fiscal crisis in America at all levels is a weak economy, but the equally relevant cause is fiscal profligacy that has been accumulating for more than 15 years. From 1986 to 2000, state governments were on a spending binge of enormous proportion . . . Even with today's weak economy, research by Club for Growth President Stephen Moore and his associates concludes that staes currently would be $100 billion in the black if they had just restrained spending growth during the 1990s to the same rate as inflation plus the rate of population growth." Kemp then goes on to explain that raising taxes only "digs the fiscal hole deeper." He ends by quoting the 1933 words of John Maynard Keynes, one of the liberals' favorite economists, "A reduction of taxation will run a better chance than an increase of balancing the budget."

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