Just yesterday, I proposed a “Golden Rule” for fiscal policy, based on the simple notion that the burden of government spending should grow slower than the private sector.
And regular readers know about my narcissistic attempt to publicize “Mitchell’s Law” as a way of illustrating how politicians create problems and then use those problems to justify more government.
Since I’m fond of these little phrases, I am pleased to see that the ranking member of the Senate Budget Committee has proposed a “Solyndra Rule” that would bar any consideration of higher taxes so long as politicians are squandering money on corrupt scams such as green energy programs.
Heck, I’ve made the same argument, so it’s no surprise that I like this idea.
I also want to applaud Senator Sessions for focusing on America’s fiscal problem, which is a government that is too big and spending too much.
In the past, I’ve gotten very frustrated with incompetent Republicans who fixate on deficits and debt. Red ink is not good, of course, but the only good way to treat the symptom of too much borrowing is to address the underlying disease of too much government.