Author Mark Steyn on Fiscal Cliff Deal: Out-of-Control Spending 'Signals to World That American Era Is Over'
Fox and Friends' Brian Kilmeade sat down with best-selling author and columnist Mark Steyn to discuss the bill that was passed last night to avoid the fiscal cliff’s across-the-board tax hikes and spending cuts.
President Obama applauded the bill, which raises tax rates only on those making more than $450,000 a year, puts off spending cuts and extends unemployment benefits. It also increases by two percent the Social Security payroll tax on all workers.
But Steyn believes the current spending, which is fueling a rapidly-growing national debt that has surpassed $16.4 trillion, is unsustainable and at some point will have to be supported by more taxes on all Americans.
"In a sense America voted for big government in November. What it didn't vote for is the willingness to pay for it. We have the biggest gap between revenue and spending of any nation on Earth. So people have got to get real about this. If you want Swedish-style government, you have to pay Swedish-style taxes. And if you don't, you have to grow up and learn to live within your means," said Steyn.
The author of the book "After America" went on to point out that if the current debt-fueled spending continues, "you're basically signaling to the world that the American era is over."
Kilmeade then asked what Steyn what he thinks President Obama plans to do over the next four years to address the situation.
"I think he's got another agenda. ... The thing to do is to get people used to the spending, which is about 25 percent of GDP. If he's gotten people used to the spending, at some point people will have to pay for it the way the Norwegians pay for it, the way the Belgians pay for it. They will have to pay taxes that match what the government is spending. Obama has figured out if you get 'em used to the spending, then two, three years down the line the taxes will fall his way," said Steyn.
Watch the full interview: