ridenrain ridenrain:
Overtaxation os also a bad idea.
Voters are better at spending their own money than governments are.
I'd rather be overtaxed a bit until we're debt free, instead of making interest payments forever, wouldn't you? Or are you one of those suckers who only pays the minimum when you get your credit card bill at the end of the month?
Right now we spend almost $30 BILLION a year paying interest on our massive debt. That's a helluva lot of tax cuts, defence spending or social programs we can't afford.