We don't have a government for the purpose of controlling our money. We have government for a myriad of purposes, for example, ensuring that there is a functional monetary system to start with. Many of these purposes are flawed, as again for example, a gold-backed standard could be used as currency. The core purpose of government (IMHO) is to enforce the silver rule, "Don't hurt others" (* without their consent). All of us are armed and could protect ourselves from many reasonable threats, but it sure is nice to not have to do so constantly.
Yes, spending is out of control. Affecting that by reducing the supply of funds as the only tool seems like trying to downsize a building with a wrecking ball. A more appropriate method would be to actually repeal, adjust, or replace a great many laws that direct where the money goes. Before all the other distractions in the news, the two Senators who proposed massive cuts across the government were getting traction. You know it's a good compromise when both the GOP and Dems hate it.
They're thinking that because there are people in the US who are analytical and realize that cutting taxes in the face of such staggering debt is insane. People who have studied the "trickle down" economics of the 80's and can prove that it doesn't work. And finally, people who understand that you cannot live under a ballooning debt and still have your currency be worth anything.
You cannot hang this mill stone around the neck of the Democrats alone, either. Even Clinton, the only one to actually change the delta the right way, left office with more debt than he entered with.
http://en.wikipedia.org/wiki/Nationa...idential_terms
Debt is debt, and it works the same way. The sooner you start paying it off, the sooner it's paid off. I would rather see taxes rise for everyone than be extended. I want to see the budget slashed by 30% or more, too. I'm not going to get either of my wishes, am I?
As for the whole "going Galt" and dis-incentive to work, you'd be entirely correct if the percentages were actually substantial, thankfully they aren't.
I don't want to pay more taxes. I just want to be debt free more. We are throwing money away on the national debt, and handing it to China and Saudi Arabia by the train load. We are killing the chances of our children and grandchildren to live in a first world country. 30 years of meteoric rise in the national debt has allowed the baby boomers to lead a wonderful life, financed on the backs of their children and grand children. The "greatest" generation was followed by the "greediest" generation.
H.

