One last observation about the hypocrisy of so-called supporters of limited government in Congress. Let’s look at this potential scenario:
- Conservative members of the Republican Study Committee continue to stymie compromise. Ultra-conservative members of the Republican caucus at large make it impossible to raise the debt limit in reasonable time (this probably already happened)
- S&P downgrades the US credit rating due to the political ossification
- Borrowing costs throughout the economy rise, trickling down through businesses (where they are passed off to the consumer through higher prices) and directly to citizen borrowers (homeowners, etc.)
Now tell me how this isn’t a tax increase on the “average” American imposed by the most conservative members of Congress?
Is this really what we (advocates for limited government) stand for?