In other threads on politics many people who believe in fiscal responsibility seem to feel that this is more of a libertarian viewpoint, that if you lower spending then you end up with a balanced budget.
Are fiscal responsibility and lower taxes necessarily the same thing? Why can’t you have fiscal responsibility and higher taxes? Clinton was fiscally responisble, in the last years of his admin there were budget surpluses. But tax rates were 33%. Under Bush the deficit in 2004 was around 400 billion and tax rates were 29%. If Bush pushed the tax rate back up to 33% you’d have fiscal responsibility. He seems to be doing that, the tax rate is up to about 32% now. If you look at the chart it has steadily gone up.
Granted, a good deal of people do not want taxes to go up. I am somewhat drawn on the subject. I am not some knee jerk ‘I hate taxes’ person as I realize taxes pay for education, healthcare, infrastructure, scientific research, law enforcement, retirement, etc. But I don’t want to live in Germany with its 50% tax rates either. I’m not horrified of the idea of taxes going from 29% to 33% (that means a median 50k household income pays an extra $160/month, which is about what you make selling plasma or with a couple of paper routes), but I can see why raising them to 40-50% would be bad. But even that wouldn’t be horrible as private spending would just go down. With more gov. spending on education or healthcare there’d be less private spending. People in Europe spend more publically in taxes but less privately on education and healthcare than we do.
So does a person necessarily need to be anti-tax to be pro-fiscal responsibility? Can you be in favor of higher taxes to fund more government spending and still be fiscally responsible at the same time?