Dan Mitchell Breaks it Down: It's Simple to Balance The Budget Without Higher Taxes

Even at the current spending levels, tax hikes aren't needed.....





We can simply start cutting vast amounts of federal agencies in jurisdictions outside those granted the federal government by the Constitution.  But as Mitchell puts it, no one in Washington cares about the Constitution anyway.  If we just put a hard cap on spending, the budget would naturally balance itself in five years — with the Bush tax cuts still in place.  The only reason to raise taxes is to allow Congress to spend more … which is the real reason for our massive deficits.