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US News: Raising Taxes Could Curtail Government Spending

by David Winston

The Winston Group is excited to announce that Kristen, Noah and myself will be contributing a weekly politics post to the US News and World Report Thomas Jefferson Street blog. In the first installment, published today, I discuss the ways that keeping tax rates low may actually be enabling our bloated government:

U.S. public debt has increased eightfold since 1986. Thus far, Americans have enjoyed more than $16 trillion in benefits beyond what they’ve actually paid for. As a result, we have precious little sense of the true costs of the programs we now expect our government to provide us. As any economist will tell you, being insulated from the price of something inevitably leads consumers to demand more of it. Is there reason to believe government is any different?

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