Why Grover Norquist is an Idiot
Sorry to state the obvious, but this guy is really starting to piss me off. The longer this political show about the debt ceiling drags on, the more I hear about Grover Norquist, and the more I want to take that silver spoon out of his mouth and smack him upside the head with it.
In case you don't know, Norquist is the super-conservative activist who has the Republican party by the balls. He has never been elected to public office, but has "over one hundred" signatures on his petition to never raise taxes. That little pledge drive has driven a huge wedge compromise for raising the debt ceiling. Now, while the debt ceiling will most likely get raised for the 81st straight time in a row, it still doesn't make this guy just go away.
Norquist's father was a wealthy Polaroid executive, which is probably where he got his conservative roots for small government and little taxes. That's fine. Believe whatever you want, but lowering taxes and easing credit for long periods of time does not create economic growth. It instead feeds bubbles and creates problems down the road. Look at austerity measures across Europe. They include not only a hefty cut in government spending but a major hike in tax raises and are often a last resort for filling a nation's coffers.
This excerpt from an article motivated me to write this:
If someone thinks about breaking the pledge, he likes to remind them of President George H.W. Bush who made the famous pledge, "Read my lips. No new taxes."Bush broke that promise two years later, and lost the election to Clinton. "The American people were very angry. He had a successful presidency, except for the tax increase," Norquist recalled.
While Bush I's tax raising policies may have been a factor in him losing to Clinton, it wasn't as if voters rushed to the polls to punish the incumbent Bush for that reason alone. Besides, when Clinton was faced with the realities of the economy he too raised taxes while Republicans controlled Congress. So want to bust out the history books Mr. Norquist or remember the history that fits your agenda?
I'm not trying to make a case for red or blue here, I'm trying to make a case for Foolish common sense. Both sides will need to do what is right for the American people, not just now, but for the long-term. We cannot afford to kick this issue down the road for our future selves, our kids, or our grandchildren. We do need to cut spending, especially that in entitlement programs such as Social Security, Medicare, and pension programs - flying directly in the face of Democrats. We also need to raise taxes/reform the tax code and close loopholes to healthy and profitable industries.
Showing the range with a political blog....