Rep. Barton: Dems Enjoy Spending, But ‘Don’t Enjoy Paying for What They Spend'
(CNSNews.com) - During an appearance on C-SPAN’s “National Journal,” Rep. Joe Barton (R-Texas) said Friday that the Democrats “enjoy spending money” but “don’t enjoy paying for what they spend.”
“My Democrat friends enjoy spending money. They don’t enjoy paying for what they spend,” Barton said in response to claims that Democrats and Republicans did not do enough to pay for the Department of Homeland Security and the wars in Iraq and Afghanistan.
“Were the Bush-era tax cuts a mistake as we look at a deficit now or a debt of $16 trillion?” the host asked.
“Our problem is not tax revenue. Our problem is spending. I think the Bush tax cuts were a positive effect, tonic for the economy,” Barton said.
“Democrats then say with those tax cuts in addition to the two wars – Iraq and Afghanistan – the development of a new Department of Homeland Security, that Congress and the president – both Democrats and Republicans did not do enough to pay for those operations,” the host said.
“My Democrat friends enjoy spending money. They don’t enjoy paying for what they spend. There’s this little thing called the Laffer curve, and it may be out of date to talk about it, but it’s just kind of a bell-shaped curve, and as you take tax rates down, you get more revenue because people work harder and more wealth is created,” Barton said.
The Bush tax cuts “created a lot more wealth than they lost revenue,” he said.
Barton said that while revenues went down “slightly for a period of time, our problem is that spending has been going up - in some years at almost double digit rates, and we’ve got no plan – the Democrats certainly have no plan – to bring that under control.”
“The president’s budget that he has to submit to Congress each year doesn’t show a deficit under I think a half a trillion to a trillion dollars at any time,” Barton added.