Wednesday, October 31, 2012
Wall Street Journal editorial: Did You Know Hurricane Sandy Favors Higher Marginal Tax Rates?:
Our former editor Robert Bartley once quipped (fondly) about the writer Jude Wanniski that he thought a capital-gains tax cut could intercept a Soviet SS-20 missile in mid-flight. We were reminded of that monomania Tuesday as the political left more or less declared in unison that the ravages of Hurricane Sandy prove that America needs bigger government.
We know liberals are worried that President Obama might lose next week, but are they so panicky that they want to suggest even before the storm has passed that Mitt Romney and Republicans are against disaster relief? Apparently so. It's an especially low-rent tactic, akin to blaming the tea party for Jared Lee Loughner's shooting of Gabby Giffords. But it's equally absurd to argue that a once-in-a-century storm means you can't block-grant Medicaid. ...
The rush to use Hurricane Sandy to justify a bigger federal government makes us wonder if there's an excuse liberals won't use to grow Leviathan? The reality of the federal fisc is that whoever wins next Tuesday is going to have to choose between functions best done by the federal government and those that can be done better by others. A government that can't distinguish between a big storm and Big Bird is simply too big.