The House voted Tuesday 315-97 not to raise the debt ceiling from $14.3 trillion to $16.7 trillion. Every Republican voted against it; they were joined by 82 Democrats.
Republicans hope this will give them some leverage as they meet with President Obama to discuss spending cuts.
The key to the debt is, and always has been, spending. Government doesn’t tax too little. Government spends too much. Politicians want you to think all their spending is necessary while you are not paying enough in taxes, at least the so-called “rich” among you.
If recent Democrat proposals to eliminate the Bush era tax cuts and increase other taxes are passed, some of us will suffer a 62 percent tax rate when state and local taxes are factored in. You can’t have economic growth that produces jobs when government is taking most of your money.
As the next election approaches, Republicans should hold their ground. Polls show a majority – at least those not getting government checks – is on their side.
Cal Thomas is a nationally syndicated columnist based in Washington, D.C.