The budget is a moral statement. Where a man’s treasure is…. Yet, the analysis of, and debate about, the budget rarely is cast in such moral terms. And, President Obama, who has been unable to find a coherent, consistent moral language to describe his policy objectives, has produced a budget that, similarly, fails to find its moral center.
To be clear, the excessive debt facing the nation is also a moral issue. By increasing the deficit every year and adding to the debt, we add to the amount of money future taxpayers must fund in interest payments on that debt. Neither the Democrats nor the Republicans are entirely honest about the debt of course. It is as if the entire nation has forgotten that there was a surplus a decade ago. It is as if the historically low tax rates of today were set in stone at Sinai and cannot be raised.