Yep, this piece of the bleeding obvious is now brought to you by the Heritage Foundation. The logic is hard to refute:
All government spending eventually must be funded with taxes, and budget deficits only delay the inevitable taxes (with interest). This year’s $401 billion budget deficit will add $3,774 to the average household’s future tax burden. If the budget deficit reaches $600 billion to $700 billion, the annual tax increase will top $6,000 per household. Unless they balance tax relief with spending cuts, President Bush and Congress will leave a legacy of temporary tax relief followed by permanently higher taxes.
Why doesn’t the administration see this? Does Dick Cheney think we’re persuaded by his insistence last Sunday that he is a “deficit hawk”? If his record is that of a hawk, what on earth would a dove have done? My own frustration at this administration’s fiscal recklessness is catalogued here. Don’t get me wrong. I don’t want to raise taxes. But if we don’t cut spending drastically and reform entitlements, we’re going to be crushed by taxation in the not-so-distant future.
The Dish 