Home
/
RELIGION & LIBERTY ONLINE
/
The J. Wellington Wimpy Budget Policy
The J. Wellington Wimpy Budget Policy
Apr 29, 2025 11:09 AM

In ment last month on the proposed federal budget deal, Sen. Rand Paul quoted one of the foremost economic thinkers of the twentieth century. “There is a recurring theme in Washington budget negotiations. It’s I’ll gladly pay you Tuesday for a hamburger today. I think it’s a huge mistake to trade sequester cuts now, for the promise of cuts later,” Sen. Paul said.

“I’ll gladly pay you Tuesday for a hamburger today,” was a catchphrase made famous by J. Wellington Wimpy, a character in ic strip Popeye. But it also describes, with slight modification, the attitude of Americans to funding government: “I’ll begrudgingly pay you in the future for services provided today.”

Several years ago economist Steve Landsburg made an astute observation about our nonsensical idea about tax relief:

[Y]our tax burden, according to him, is measured by what you’re paying right this moment as opposed to what you’re obligated to pay in the future.

That’s the only possible interpretation of his statement last night that Tea Partiers (and others) should be thanking him for cutting taxes. The reality is that President Obama, like President Bush before him, has rather dramatically raised government spending and therefore has raised your taxes. To say otherwise is like saying you got your new swimming pool for free because you put it on your credit card.

Once the money is spent, the bill must e due—and there’s nobody around to foot that bill except the taxpayers. We are locked into higher current spending and therefore locked into higher future taxes. The president hasn’t lowered taxes; he’s raised and then deferred them. To say otherwise is—let’s be blunt—a flat-out lie.

While President Obama and Congressional Democrats deserves much of the blame for implementing this policy over the past few years, the GOP must take the bulk of the credit for creating this myth of the tax cut. For the past thirty years the “tax cuts cure all ills” has been a nearly inviolable principle for many people who consider themselves to be “economic conservatives.” This idea is neither conservative nor economically sound, of course, but because it has the politically redeeming feature of being wildly popular.

It hasn’t always been this way. While it may be difficult to imagine now, the GOP used to be the party of “deficit hawks” and “balanced budget amendments.” (Seriously, kids, it’s true.) However, now plying with balanced budget requirements can make you persona non grata in the Republican Party.

Ironically, the result of thirty years of championing the “taxes are evil” line has not only led to an increased tax burden but has made the GOP the less fiscally responsible of the two major political parties. We now have a choice between Democrats, who offer to spend money on us today and raise our taxes today and Republicans who offer to spend money on us today and raise our taxes (or our grandchildren’s) tomorrow.

Of course, we probably shouldn’t blame them since they are simply giving us what we want — or at least what we wanted in the past. More than two-thirds of our current budget is based on mitments that are politically off-limits from spending cuts. Indeed, seventy-nine percent of the budget falls into five “untouchable” categories: Social Security, Medicare/Medicaid, Defense, Interest on the Debt, and other “mandatory” spending.

Now imagine if a group of politicians were to say that we must get serious about balancing the budget by a mixture of significant tax raises on all citizens and deep cuts in each of those “non-discretionary” areas. Americans can’t seem to agree on much, but I can assure you there would be a broad-based, bipartisan opposition to such a proposal that would make the Tea Party rallies look like a little girl’s tea party parison.

The sad truth is that while there are many people who love government spending or oppose tax increases or — as is most often the case — love federal spending and oppose tax increases with equal fervor, there are very few true economic conservatives left in America. There certainly aren’t enough of us fiscal realists to alter this irresponsible situation, though it should be an argument that can be made to Christians. As ethicist David P. Gushee recently noted,

Borrowing is emblematic of national weakness that invites subservience to creditors (Deut. 15:6; 28:12). Borrowing for short-term needs risks long-term decline and even enslavement (Neh. 5:3–5). Creditors gain power over debtors (Prov. 22:7), though the powerlessness may not be visible until later.

Borrowing today and sending the bill to future generations is patible with Biblical ethics. We must find a way to increase our tribe and convince our fellow Americans that there are no free lunches. For if we don’t change this Wimpy tax policy soon we may find ourselves running out of Tuesdays.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Religious activists a ‘dismal failure’ at ExxonMobil and Chevron meetings
It’s all over but the chanting, which seemingly will continue unabated until religious shareholder activists bring panies to heel. What the Interfaith Center on Corporate Responsibility hyperbolically billed as “a watershed year” trickled into a puddle of disappointment yesterday for shareholder activists’ climate-change resolutions. The chanting began outside Dallas’ Morton E. Meyerson Symphony Center and the Chevron Park Auditorium in San Ramon, Calif., prior to the annual shareholder meetings conducted, respectively, by ExxonMobil Corp. and Chevron Corporation. Real chanting, dear...
How Christians Can Pastor Animals
This past weekend a child fell into pit with a gorilla. To protect the child, the animal had to be killed, a tragic but necessary e. The reaction to the news, though, has been unbalanced and excessive. While no one (that I’ve seen) thinks it would be better for the child to have died than the ape be killed, hundreds of thousands of people have expressed their outrage on social media. In many ways, this likely reflects the distorted values...
Audio: Samuel Gregg on Pope Francis, Populism, and ‘Teología del Pueblo’
Acton Institute Director of Research Samuel Gregg joined host Al Kresta on Ave Maria Radio’sKresta in the Afternoon last Thursday to discuss the ongoing crisis of populism in LatinAmerica, and the Vatican’s perspective on the region’s economic and social unrestunder Pope Francis. Gregg notes that while institutionally, the Catholic church in Latin America has largely maintained itsinstitutional integrity, regional leaders–and indeed Pope Francis himself–have an affinity for what is known as “teología del pueblo” – a “theology of the people”...
Authoritarianism ruined Venezuela
Venezuela, though filled with exotic beaches and many natural resources, has the most miserable economy in the world thanks to high inflation and unemployment. For a detailed background on the current situation in Venezuela, see Joe Carter’s recent explainer. Since Venezuela’s crisis took over the news, there has been plenty mentary about the chaos and what could have caused it. Acton’s Director of Programs, Paul Bonicelli argues that politics is to blame. “Venezuela is a dictatorship,” he writes in Foreign...
5 facts about Memorial Day
TodayAmericans will observe Memorial Day, a federal holiday for remembering the people who died while serving in the country’s armed forces. Here are five facts you should know about this day of remembrance: 1. Memorial Day is often confused with Veterans Day. Memorial Day is a day for remembering and honoring military personnel who died in the service of their country, particularly those who died in battle or as a result of wounds sustained in battle. While those who died...
7 Figures: What You Should Know About Global Life Expectancy in 2016
The U.N’s World Health Organization (WHO) recently released it’s latest version of World Health Statistics, a definitive source of information on the health of the world’s people. Here are seven figures from the report about life expectancy that you should know: 1. Life expectancy increased by 5 years between 2000 and 2015, the fastest increase since the 1960s. Those gains reverse declines during the 1990s, when life expectancy fell in Africa because of the AIDS epidemic and in Eastern Europe...
Hamilton, Jefferson, and how best to preserve freedom
Despite both being deeply dedicated to protecting Americans from tyranny, Alexander Hamilton and Thomas Jefferson disagreed on a great deal. In a new review of Hamilton versus Jefferson in the Washington Administration: Completing the Founding or Betraying the Founding, Samuel Gregg calls the founders’ rivalry, “stark, but intricate.” Gregg discusses Carson Holloway’s new book in a recent article for the Library of Law and Liberty. It’s easy to idolize the founders, but Gregg reminds us that they were “given to...
Can Banks Disrupt the Payday Lending Business?
Since its inception in the 1990s, the payday lending industry has grown at an astonishing pace. Currently, there are about 22,000 payday lending locations — more than two for every Starbucks — that originate an estimated $27 billion in annual loan volume. But payday lenders may soon face some petition. A few of the largest consumer banks in America are considering goingto market with new small-dollar installment loan products, reports the American Banker. The Consumer Financial Protection Bureau (CFPB), the...
C.S. Lewis on Men Without Chests (and what that means)
“Men Without Chests” is the curious title of the first chapter of C.S. Lewis’ Abolition of Man. In the book, Lewis explains that the “The Chest” is one of the “indispensable liaison officers between cerebral man and visceral man. It may even be said that it is by this middle element that man is man: for by his intellect he is mere spirit and by his appetite mere animal.” Without “Chests” we are unable to have confidence that we can...
What’s the Fiscal Condition of Your State?
Federalism may be out of fashion (at least when es to state’s rights), but the effect of individual state policies on the lives of individual citizens remains as relevant as ever. Consider, for example, the case of Puerto Rico (which is technically a territory, but has many of the functions of a U.S. state). Financial mismanagement by the territorial government has led to a humanitarian crisis. Those who can afford to leave — such as doctors and scientists — are...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved