Mitch Daniels – the Coolidgean candidate?

For a blog that normally focuses on Calvin Coolidge, I have sneaked in a number of mentions of Indiana Gov. Mitch Daniels lately. I was going to be all defensive about it, but on second thought I don’t think there’s a reason to be.

Because for someone who has been following U.S. politics from afar for more years than I care to recount, Mitch Daniels comes closer than any other prominent politician of either party in recent decades to the Coolidge mold, and that includes Ronald Reagan. In the years following the First World War, when the national debt hit record highs, Coolidge focused laser-like on reducing government spending, using the savings to pay back the debt and to reduce taxes. For numerous reasons, not all of which were of his own doing and some of which are eminently excusable, Reagan cut taxes first, but never seriously got around to cutting spending.The concept was “starve the beast“, but the beast was still getting fatter, as William Niskanen has observed and empirically demonstrated.

Coolidge favored the term “constructive economy”, indicating his intention not merely to make every tax dollar sweat, but also to be more innovative. And indeed, many times a crisis or budget crunch has precipitated creative and innovative ways to get by or even get better results while spending less. I see Gov. Daniels as just the right man for an update of this approach today.

Gov. Daniels appears to be inching closer to declaring his candidacy (and here), even while naming valid obstacles – most important among them his wife’s reservations about the grueling race and the impaired quality of life for himself and his family during, and especially after a successful run. Should he decide not to run, we who see him as ideally qualified, will have to respect that decision. As long as he hasn’t made that decision, I’ll keep hoping…and occasionally using this tiny corner of the world wide interwebs to tout him and his program 😉

Update: excellent speech given by Gov. Daniels at CPAC…love the phrase “morbidly obese government”!

 

Stay tuned… regular COOLIDGE blogging will resume shortly 🙂

Coolidge on taxes

In a statement given at the 7th meeting of the Business Organization of the Government on June 30, 1924, Calvin Coolidge laid out a few basic principles that are well worth remembering today, even if our situation is vastly different (for one thing, he points out elsewhere in the speech that “We are often reminded that we are in the best financial condition of any of the great powers, and we are” — which was true at the time but very likely is not true anymore today).

“There is a most urgent necessity for those who are charged with the responsibility of government administration to realize that the people of our country can not maintain their own high standards, they can not compete against the lower standards of the rest of the world, unless we are free from excessive taxes.

With us economy is imperative. It is a full test of our national character. Bound up in it is the true cause, not of the property interests, not of any privilege, but of all the people. It is preeminently the source of popular rights. It is always the people who toil that pay. (…)  Public service is entitled to a suitable reward. But there is a distinct limit to the amount of public service we can profitably employ. We require national defense, but it must be limited. We need public improvements, but they must be gradual. We have to make some capital investments, but they must be certain to give fair returns. Every dollar expended must be made in the light of all our national resources, and all our national needs.”

Calvin Coolidge close up