I'm really impressed with this new line from the President. It's so perfect. It's obviously wrong, in fact the very opposite of true, but it sounds so good. It's a masterpiece of the genre.
If you have income of X and expenses of X+Y, cutting is an excellent way to prosperity. It may be the only road to prosperity. This is so obvious that I feel a little odd even saying it: the line from the White House is so obviously out of order with reality that it makes you feel as if you must be missing something to challenge it.
Nor is it clear whose prosperity is meant in any case. The line is being deployed in service of proposed additional tax hikes, which means that we can't be talking about the prosperity of individual families. We must be talking about some sort of collective prosperity. But the government has never had, and will never have, enough to ensure that everyone is prosperous. This was the entire lesson of the Cold War. Only a robust market can ensure widespread prosperity, and while the market needs some regulations to function smoothly, a heavy tax burden is harmful to it.
Of course, not everything coming out of Washington is so carefully scripted as this masterpiece from the White House. Sometimes plain honest sentiments do make their way into the discourse.