Besides all the racism, bigotry, and otherwise nonsensical ramblings, the way I know the Tea Party isn’t in any way serious is this: taxes need to be raised, and they need to be raised a lot. They should have been raised before the recession, and they definitely need to be raised soon after things stabilize.
Neither the deficit nor the national debt are new. As of 2001 the US had a very small budget surplus, which evaporated in 2002, continued until 2007, then shot up in 2008 (cite)
That was 6 years of deficit spending, in which either government spending needed to be slashed, or taxes needed to be raised, neither happened. And you know what, regardless of which party is in power now, I think it’s fine to eventually wake up from your coma and demand action.
Now, unless the Tea Party is able to present actual budget cuts that would offset the $400 billion deficit that predates Obama, the only other option is to increase taxes. But instead, I hear calls to both decrease taxes and eliminate the deficit; two things that don’t go together.
To make things worse, TARP and the Stimulus have already been spent, and will now need to be paid for. It’s fine to be critical of the government for such massive deficit spending, but it happened, and now taxes need to be raised to cover that shortfall, not lowered.
I’m all for massive reforms to Social Security, Medicare, and Medicaid (39% of the budget) but unless they can propose a specific way to cut 60% of one or 30% of both, taxes still need to be raised since income tax makes up 43% of federal revenue, or 85% if you include social security.
I’d happily support the first political party that proposed fiscal responsibility, the Tea Party hasn’t done that. They are just another populist movement, enjoying the bread and circus approach to politics that is simply more the same. Tax cuts without a corresponding spending cut is just another government handout. And given that the government is already handing out $1.5trillion, taxes have a long way to go up before things are made right.