Home
/
RELIGION & LIBERTY ONLINE
/
The J. Wellington Wimpy Budget Policy
The J. Wellington Wimpy Budget Policy
Jan 12, 2026 5:33 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
14 can’t-miss predictions for 2017
At the beginning of 2016, piled a list that included 1,034 predictions for ing year. I later went through and narrowed it down to the top 500 that I was absolutely certain would happen. Even after cutting the list down, though, I only managed to achieve a 67 percent accuracy rate. (Unfortunately, I forgot to post that list in public so it is difficult to verify. You’ll just have to take my word for it.) This year, in an attempt...
5 victims of the $15 minimum wage
As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and states like California and New York have already begun to adopt such schemes. But alas, prices are not play things, and such measures are bound to reap a range of deleterious effects, from raised consumer prices to increased unemployment to reduced working hours to outright business closures. Contrary to the popular narrative, those consequences tend to hit small businesses and less-skilled workers first...
Commentary: Power and the poor
In this week’s Acton Commentary I examine the foundations of what is today identified as the “preferential option for the poor” in writings that appeared 125 years ago, Pope Leo’sRerum Novarum and Abraham Kuyper’s “The Social Question and the Christian Religion.” These two texts have appeared in an anniversary volume,Makers of Modern Christian Social Thought: Leo XIII and Abraham Kuyper on the Social Question, now available from the Acton Book Shop. In the introduction to that volume, I touch on...
It’s time to kill the penny
Over the past twelve months there have been considerable discussions of monumental public policy issues. But before 2016 ends we need to consider one more of (in)significant importance: what to do about the penny. As the Wall Street Journal noted earlier this week, in fiscal 2015, the cost to produce a single penny was 1.43 cents. In 2014, that cost rose to 1.66 cents. Despite years of effort to wring costs out of production, it is doubtful the copper-coated coin...
The end of black conservatism?
On December 27, 2016, at the age of 86, Thomas Sowell published his last column. After publishing dozens of books and hundreds of columns, Dr. Sowell’s retirement may mark the beginning of the end of an era of black intellectuals who were champions of political and economic liberty. Other black scholars like Walter Williams, W.B. Allen, and Shelby Steele are all in the 70s or 80s and there does not seem to be a cadre of like-minded black scholars in...
The Year in Acton Commentary 2016
Every Wednesday we publish the Acton Commentary, a weekly article that covers topics related to Acton’s mission. As es to a close we thought it would be worth highlighting the top mentaries produced by Acton Institute staffers and contributors over the past year. 1.Global elites put Christianity in the crosshairs Global governance ideology is the intellectual stepchild of Marxist materialist thought, says Robert F. Gorman. The term global governance refers to the political dimension of globalization. Here the question is...
Top 10 PowerBlog posts for 2016
As e near to the end of another year, we want to thank readers of PowerBlog for menting, and sharing our posts over the past twelve months. If you’re a new reader we encourage you to catch up by checking out our top ten most popular posts for 2016: 1. Work is a gift our kids can handle Joseph Sunde The abundant prosperity of the modern age has brought many blessings when es to child-rearing and child development, offering kids...
Pope Francis and his fans on the left
Since 2013 when the Argentine prelate Jorge Bergoglio officially became the head of the Catholic Church, he has emerged as a key figure in the progressive movement. Even though Pope Francis does not claim to be a part of any political movement, it is clear that he is representative of the views that many leftists hold. With his emergence e much criticism from Catholics who hold opposing views on issues such as environmentalism and the market economy. Acton Institute Director...
Humbug or helpful? UK not forcing shops to close on holiday
Although Americans have lost the notion altogether, British tradition still remembers that Christmas is a season that begins, rather than ends, on December 25. In addition to Christmas, many businesses close their doors on December 26 in observance of Boxing Day. Over the years, the holiday has also e the UK’s third-largest shopping day, generating £3.74 billion last year. Since shoppers need workers to serve them, more retailers have remained open each year. This spurred more than 200,000 Brits to...
Thomas Sowell’s escape from socialism
Earlier today I mentioned that economist Thomas Sowell was retiring from writing his syndicated column. For decades Sowell, age 86, has been one of the leading thinkers in the libertarian and conservative circles. But what is less known is the intellectual journey he took from being an advocate of socialism to a champion of free markets. This past summer I wrote an article for The Stream examining on how Sowell thought his way into Marxism, then back out again into...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved