Cut Defense Before Raising Taxes

Lost amid all the hoopla last week about President Obama’s latest stimulus bill and the Republican primary dustup over whether Social Security is a Ponzi scheme was the news that the bipartisan “supercommittee” has begun its work trying to find at least $1.5 trillion in deficit reduction. Anyone who cares about low taxes, limited government, and economic growth should be paying close attention.

That’s because the initial signs are not encouraging.

Keep reading this post . . .