A Fiscal Bully In The Pulpit

In today's WSJ, South Carolina Governor Mark Sanford calls on fiscal conservatives to get off the bench:

There is a yawning gulf between the viewpoints of Mr. McCain and those of Hillary Clinton and Barack Obama. Nowhere is this more evident than on the critical issue of the steady collapse of our government's financial house.

Since 2000, the federal budget has increased 72%, to $3.1 trillion from $1.8 trillion. The national debt is now $9 trillion -- more than the combined GDP of China, Japan and Canada. Add in Medicaid, Medicare and Social Security commitments, and as a nation we are staring at more than a $50 trillion hole -- an invisible mortgage of $450,000 for every American family.

Hope alone won't carry us through the valley of the shadow of debt. The fact that neither Mrs. Clinton nor Mr. Obama has made cost-cutting a part of their political vocabulary is a clear indication that they would increase spending. In fact, Mrs. Clinton has already proven skillful at snagging pork. Over the past few years alone, she has attached some $2.2 billion in earmarks to federal spending bills. Mr. McCain has asked for exactly $0 in earmarks.

And while Mr. Obama's oratorical skills have been inspiring, his proposals would entail roughly the same $800 billion in new government spending that Mrs. Clinton proposes. To his credit, Mr. Obama admits that his spending proposals will take more than three clicks of his heels to fund. He would pay for his priorities with a bevy of tax increases which he hopes taxpayers won't notice.

But taxpayers will notice. Mr. Obama plans to raise taxes on capital gains, dividends and corporate profits. He wants to hike estate taxes by 50%. And he wants to eliminate the cap on payroll taxes. These tax hikes would increase the burden borne by individuals and decrease the competitiveness of our economy.

I was elected to Congress in 1994 as part of a Republican Revolution that captured control of both the House and Senate. A number of us tried to apply the brakes to the Washington spending train. We didn't succeed. Six years later, I left Washington convinced that only a chief executive willing to use the presidential bully pulpit could bring spending under control.

Now, in John McCain, the GOP has a standard-bearer who would be willing to turn the power of the presidency toward controlling federal spending. Mr. McCain has one of the best spending records in Congress, and has never shied away from criticizing government pork-barrel spending.

A good pitch for McCain and for Sanford in the VP slot.