Democratic presidential nominee Vice President Kamala Harris wants to hike taxes by trillions of dollars, which will without a doubt crush our sputtering economy. Republican presidential nominee Donald Trump has a better idea: lower taxes and take a machete to government spending.
Our problem is with spending, which is running above 23% of GDP, higher than the historical average of 20%, and is unsustainable. There is another dangerous aspect of out-of-control government spending; it creates enormous opportunity for theft, partisanship and outright waste.
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