Originally Answered: Good things about raising taxes and lowering government spending?
Cutting the size, scope, and cost of the Federal government is the only thing that will save this country. One needs only to look to Europe right now to see where we are headed in the near future. For years and years politicians have been making promises that we can no longer afford. At the rate we are going, the US government will have to file bankruptcy in 2025 when our tax revenues no longer cover even the interest payment on our debt. Right now the US gov't borrows 40 cents for every dollar it spends, and these loans will contractually have to be repaid. We have already spent all of our children's money and all of our grand-children's money and it has to stop.
The central argument in this country is the proper role of the federal government. According to Jeffersonian Libertarians (Tea Party) like me, the number one priority of the Federal Gov't is to protect the God-given rights of the individual. They are the pursuit of life, liberty and happiness. The secondary role of the Fed is to protect us from outside threats (defense) and to ensure free travel and free commerce between the states (infrastructure). AND THAT"S IT. The Federal Gov't SHOULD NOT govern our daily lives. It should not have any role in education, commerce, energy, housing, etc. It should never tell us whom we can marry or what we can or cannot put in our bodies.
The brilliance of America is the 50 independent states, the right to own land, and the freedom to live and travel wherever you wish. This way state governments have to COMPETE for taxpayers and people may live wherever they choose, and everyone will be happy. This freedom and capitalism (wealth controlled by the individual and not the government) is what made this country the greatest in the history of the world, not our federal government.
Raising taxes is a horrible idea. The progressive tax system we have now is a horrible idea. A real simple lesson in government: if you want more of something - tax it less or subsidize it, if you want less of something - tax it more. We have a tax system in place now that says, the harder you work, the more we'll tax you. We have a welfare system in place that says, the less you work, the more money we'll give you. How stupid is this? We need a fair flat tax where everyone pays the same percentage or a national sales tax instead of an income tax. Then you will reward work and tax revenues will skyrocket.