Tuesday, January 31, 2012

'Wasteful Spending Will Always Rise To The Level Of Revenues'

So says Arthur Laffer in support of Newt Gingrich in The Wall Street Journal, here:

Mr. Gingrich's flat tax proposals—along with his proposed balanced budget amendment—would put a quick stop to overspending and return America to fiscal soundness. No other candidate comes close to doing this.

Here is a corollary I learned from a Harvard-trained philosopher, PJWM:

'Work expands to fill the time allotted.'