03 February 2011


...Is the soul of good legislation. And this bill to cap all Federal spending at 20.6% of GDP is, in the greater scheme of politics, refreshingly brief.

Yes, it says cap ALL spending. About damn time.

Hattip: Instapundit.

1 comment:

Anonymous said...

Cap? Cap? since WWII, no matter what the marginal tax rate gas been, receipts have averaged ~18%. So, 20.6% is an automatic, permanant, 2.6% deficit. How 'bout we cap it at income?