Bill Clinton proposed 74 new federal programs during his 1999 State
of the
Union speech. This week, he told us that to pay for his programs, the
government must keep overtaxing us for the next 15 years.

What Bill calls a “surplus” are “over payments” that we are forced to
into the Social Security trust fund. Democrat and Republican
Administrations alike have been raiding the Social Security trust fund
for decades to pay for general fund obligations. The problem is that
because America is aging, these “overpayments” will dry up in 2032.
Then, unless we have fixed it, Social Security will be bankrupt.

That’s not all. Some economists say Bill’s math is wrong. They
estimate that
the federal government will spend $70,000,000,000 more than it will
collect next year, and that includes Social Security “over payments.”

Clinton does have half a good idea with his “save Social Security”
plan. He
wants to use the “surplus” to pay down the federal government’s debt. I
agree that we have to pay off the federal debt. But we must stop the
government from continuing to issue IOUs to Social Security so it can
keep spending more than it has.

The biggest flaw with Bill’s plan is that it assumes that the money
we pay in
taxes belongs to the government and not us. Most of us work the first
five months of each year just to earn enough money to pay our taxes.
Instead of talking about a surplus, we should be talking about the
government’s obligation to take as little of our money as possible.
Instead of talking about a surplus, we should be talking about paying
off the federal debt and cutting taxes.

Liberals say that tax cuts are wrong because they “subsidize” the
rich at the
expense of the “deserving poor.” They claim that a tax cut would be a
form of corporate welfare. They claim that giving money back to the
people who earned it when there are so many worthy projects that they
want the federal government to fund would be immoral. They want us to
believe that if we keep taxes high or even raise them, only the rich and
corporations will pay.

Let’s tackle these arguments one at a time. First, there is no free
Individuals pay every red cent of taxes. Corporations don’t pay taxes,
you and I pay taxes. Corporations pass on any tax increases by raising
their prices, reducing the quality of their product or laying people
off. So when liberals say “let’s stick it to the corporations,” they are
just showing how little they know about basic business economics.

Second, it’s time to reject the deserving “poor” garbage. I’ll tell
you who is
deserving. It’s the men and women who work their butts off to pay their
bills, pay their taxes, raise their families and contribute to their
communities. They are the deserving “taxpayers” and they deserve to keep
as much of their hard earned money as possible.

Able-bodied people who choose not to work don’t have a right to
demand that we house them, feed them and keep them well. Able-bodied
people who decided to goof off in school don’t have a right to demand
that we work extra hours so that they can play basketball at midnight.
Able-bodied people who choose to be miscreants, vagrants, bums and
crooks don’t have a right to demand that our wives and husbands work so
that they can sponge off us. It’s high time that we showed more respect
for the needs of the tax payer than the tax user.

Most poor people are decent people who don’t want hand outs. I
represented poor people when I was a legal services lawyer in the 1970s.
My clients told me that what they wanted more than anything else was a
job, not welfare.

When liberals say they care about the poor, they are not telling you
complete story. The reason they want the government to create programs
to “take care” of the poor is because the liberals want the jobs that
the poverty programs create. Saul Alinsky, a left-wing community
organizer from Chicago, exposed this “poverty pimp” mentality fifty
years ago. All that has changed is that poverty programs have gotten
bigger, while the poor remain poor.

If we want to fix Social Security, let’s privatize Social Security
and pay off the
debt. Let’s give large insurance companies and pension funds the right
to offer programs to the American people that will give them real
economic safety when they retire. Let’s give each American the right to
decide how to invest for their retirement. If they are smart enough to
make the money that the government takes in taxes, they are smart enough
to figure out how to invest it wisely for their retirement.

America is the biggest debtor nation in the world. Twenty-five cents
of every
tax dollar goes to pay interest costs on the national debt. These
payments increase the cost of everything you buy. If we pay down the
debt, the government will spend less and less money on interest
payments. When that happens, businesses that create the jobs that pay us
the salaries that the government taxes won’t have to compete with the
government for bank loans and their costs of borrowing will go down.

As the federal debt goes down, interest rates will go down. That
means that
the cost of mortgages, credit cards, car loans, medical bills, apartment
rents and every thing else will stay the same or go down. Economists
have projected that if we paid off the national debt, the cost of a
mortgage would drop to 4 percent. If you are currently financing
$125,000 at 6.75 percent, you would save $214 a month at 4 percent.

It’s time to put the federal government on a diet. It’s time for the
government to get out of debt. It’s time to recognize that tax payers
are more important to America’s future than tax users. Let us never
forget that there is no surplus. Every penny the government spends is
money that you earned.

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