January 29, 2012

Even if you’re a fan of Barack Obama, there is a Mark Steyn article in this week’s National Review Online that should be required reading for everyone concerned about the direction of this country. His idea for how the President could have saved everyone 89 1/2 minutes of their lives during his State Of The Union speech last Tuesday is, sadly, all too true had the President had the courage to lay it all out for the American people in language anyone could understand:

“The State of our Union is broke, heading for bankrupt, and total collapse shortly thereafter. Thank you and goodnight! You’ve been a terrific crowd!”

Of course, he didn’t, and even the most ardent liberal Democrat who stuck around for the whole thing could not have helped but come away with some sense of an incredible shrinking Presidency where the great ideas behind “Hope and Change” have dissolved into a simple and cynical class warfare against “billionaires” and their need to pay higher taxes in the name of “fairness” – as if simply by doing so it would poof our economic problems away, thus eliminating the need by the President and our elected officials in Washington to have to actually face this country’s desperate economic situation head on:

The president certainly had facts and figures at his disposal. He boasted that his regulatory reforms “will save business and citizens more than $10 billion over the next five years.” Wow. Ten billion smackeroos! That’s some savings — and in a mere half a decade! Why, it’s equivalent to what the government of the United States borrows every 53 hours. So by midnight on Thursday Obama had already re-borrowed all those hard-fought savings from 2017. “In the last 22 months,” said the president, “businesses have created more than three million jobs.” Impressive. But 125,000 new foreign workers arrive every month (officially). So we would have to have created 2,750,000 jobs in that period just to stand still.

An honest leader would feel he owed it to the citizenry to impress upon them one central truth — that we can’t have any new programs because we’ve spent all the money. It’s gone. The cupboard is bare. What’s Obama’s plan to restock it? “Right now, Warren Buffett pays a lower tax rate than his secretary,” the president told us. “Asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.”

The so-called “Buffett Rule” is indicative not so much of “common sense” as of the ever widening gap between the Brobdingnagian problem and the Lilliputian solutions proposed by our leaders. Obama can sacrifice the virgin daughters of every American millionaire on the altar of government spending and the debt gods will barely notice so much as to give a perfunctory belch of acknowledgement. The president’s first term has added $5 trillion to the debt — a degree of catastrophe unique to us. In an Obama budget, the entire cost of the Greek government would barely rate a line-item. Debt-to-GDP and other comparative measures are less relevant than the hard-dollar numbers: It’s not just that American government has outspent America’s ability to fund it, but that it’s outspending the planet’s.

Read the whole thing – it’s truth-talking few, if any of our electeds are talking about. And it should be – every day.

Filed in: Politics & World Events by The Great White Shank at 15:05 | Comments (0)
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