Wednesday, March 20, 2013

Don't Even THINK of Building That

Best of the Web Today: Don't Even THINK of Building That - WSJ.com:
'Spending': Letting You Keep Your Own Money
"The Real Spending Problem," according to a New York Times editorial with that title, is that the government is letting you keep too much money:
"Each year, the government doles out tax breaks worth $1.1 trillion. . . .
Tax breaks work like spending. 
Giving a deduction for certain activities, like homeownership or retirement savings, is the same as writing a government check to subsidize those activities. 
Functionally, they mimic entitlements.
Like Medicare, Medicaid and Social Security, they are available, year in and year out, in full, to all who qualify."
This is nonsense.

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