Earlier this month, much to the delight of big-government loving individuals from the left and right, Rep. Frank Wolf (R-Va.) made a failed character-assassination attempt on anti-tax crusader Grover Norquist. Were it not for the immunity granted to all statements on the floor of the House Wolf’s offensive slurs just might have amounted, legally, to slander.
The very fact that Wolf made such dubious charges from the floor of the House suggests that he was taking advantage of the immunity granted under Article I, section 6 of the Constitution in order to attack with actual malice and reckless disregard. Mr. Wolf? Have you no decency, sir? At long last, have you left no sense of decency?
There is an obvious, if shocking, explanation for Wolf’s unprovoked attack. The Supercommittee, on which he does not serve, may be lusting for a multi-trillion dollar tax increase. There are some really good people on the Supercommittee, so one hopes it isn’t so.
All it will take to balance the budget is very firm spending restraint and 3.5% or better growth rates. One hopes that the Jeb Hensarlings and Chris Van Hollens of this world stand staunch for economic growth. Such growth rates can be achieved with empirically proven policies such as the gold standard. The “Feed the Beast Crowd” rightly sees Norquist as a material obstacle to its designs. An insider has provided confirmation to this columnist that paving the way for a tax increase was, indeed, the motive for the attack on Norquist.
Let’s hope that America rallies to the support of Americans for Tax Reform (with whom this columnist once was professionally associated and at other times, on certain non-tax-related issues, is at loggerheads with Norquist). More to the point, let’s hope any attempted tax increase fails. A tax hike almost certainly would send this teetering economy plummeting off the cliff into another massive recession. It certainly wouldn’t contribute to cutting the deficit.
What is taking place behind the Supercommittee’s closed doors? We can only tremble and pray for deliverance. But what’s deeply troubling is Wolf’s recourse to character assassination and, even worse, his assault on the principle of integrity:
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 1st, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 31st, 2014 | John Ransom