Tuesday, December 29, 2009
Monday, December 21, 2009
Our National Debt is Growing to Immoral and Unsafe Proportions
by Chuck DeVoreIf you are under 30, you really need to read this column and pass it on to your friends. Your elected officials are dooming you to a new sort of bondage, a form of 21st Century slavery, if you will.
First, some background.
On October 16, 1854, Abraham Lincoln, then a former one-term Congressman, gave a three hour speech in Peoria, Illinois in which he decried the extension of slavery into the territories. The Republican Party was barely three months old. Lincoln warned that slavery was a “monstrous injustice” based on the raw principle of “self-interest” at odds with the “fundamental principles of civil liberty.”
Lincoln was moved to action by the repeal of the Missouri Compromise, widely seen as a check on the growth of slavery in the territories.
At Peoria, Lincoln presented the economic, legal and moral case against slavery.
Today, we are faced with a similar and urgent crisis: a burgeoning debt at all levels of government that threatens our prosperity, our posterity, and our probity.
This week, the U.S. House of Representatives voted 218-214 to raise the debt limit to $12.4 trillion. Including all unfunded liabilities, such as Medicare and Social Security, federal obligations have reached $106 trillion.
Just the cost of paying back the borrowing from President Obama’s Stimulus plan, which I opposed, will cost you $280 per month for the rest of your life. Imagine buying and trashing an iPod every month for the rest of time – that’s the practical impact of just one of the many planned expansions of government from Obama, Reid, Pelosi and Boxer.
Meanwhile, garden variety federal spending – spending that grew too fast under our last president as well – is vaulting even higher, with Senator Boxer recently voting for a “routine” $1.1 trillion appropriations bill that spends 12 percent more than last year.
Paying for all of this federal spending will eventually force middle-class tax rates to double. For those in college that means you will likely have to postpone starting a family and buying a house, take longer to pay off your student loans, and have less savings for education, health care, and retirement.
This is intergenerational theft and it is immoral.
In fact, it has a certain parallel to slavery. In effect, your leaders are stealing from your future while you, those younger than you, and those yet born, don’t have a say in the process. It is, as Lincoln said, based on pure “self-interest.” Of the mounting debt and its impact on the 65 million Americans between the ages of 16 and 30 we can invoke Lincoln by saying that your, “sacred right of self government is grossly violated by it!”
In this, California is a harbinger, once again, for the nation. Our state debt and obligations are approaching half a trillion dollars. This has led to a plummeting credit rating that pumps up the cost of borrowing. This, in turn, diminishes the money available to fund schools, repair roads, and provide social services. That’s why, as a lawmaker, I have yet to vote for a general obligation bond that would be repaid by the taxpayers – our credit card has been maxed out since I arrived in Sacramento in 2004 and, no matter what the claimed urgency, I have resisted the temptation to add to debt that my 18 and 12-year-old daughters would have to repay for the next 30 years.
Our national debt also has profound and unsettling national security ramifications. Since Mr. Obama became president, the Peoples Republic of China has quietly sold their long-term U.S. government securities and shifted their entire $985 billion government debt portfolio to securities with six-month maturities. What might happen next spring when the Chinese simply let these securities mature and demand dollars for their debt?
Once upon a time, Americans were concerned for their children, for future generations. They saved and invested and built. Today, those in charge are taking the full inheritance from those whose turn at the helm is yet to come. In a sense, allowing their raw self-interest in massively borrowing for the present to bury the future. We are living better today at the expense of those who largely cannot vote. Why? Because we can.
The institution of slavery was also driven by self-interest. One man was able to live off the sweat of another man’s brow. Why? Because he could.
Perhaps America has become hardened to her children. Perhaps the generation in power today, a generation raised on self-interest, self-gratification, and self-actualization, cannot help but to steal from the future to bolster their present.
I can only hope that California’s youth will awake to the danger and reclaim their future before it is too late.
One last word. When Lincoln spoke at Peoria, the Republican Party was in its infancy. Today, the Republican Party is 155-years-old. In recent years we lost our way on the principle of fiscal discipline. Many current and former Party leaders either encouraged Big Government or idly stood by without thought of the economic, moral and future implications. This is why the Republican Party ranks lower in many eyes than an as yet unformed “Tea Party.” But, the debt crisis is too dire, and the stakes too high, to try to form a new party in the midst of this storm. Instead, those of us who care about America and its future must act now to fully reclaim the Republican Party and fashion it into a real alternative to the Big Government, Big Spending, Big Borrowing and Big Taxing ways of the Democratic Party. It is only by first being true to our principles that can we hope to successfully challenge Barbara Boxer, Harry Reid, Nancy Pelosi and their allies.
Saturday, December 19, 2009
Wednesday, December 16, 2009
Friday, December 11, 2009
CBO: Reid Bill Forces 10
Million Out of Current
Health Care
- Posted December 10th, 2009 at 2.36pm in Health Care.
You don’t hear President Barack Obama make this promise anymore, but when he was first selling his health insurance plan, Obama repeatedly promised the American people: “If you like your health care plan, you can keep your health care plan.” Lost in the November 18th Congressional Budget Office (CBO) score of Senate Majority Leader Harry Reid’s (D-NV) version of Obamacare, was the CBOs latest confirmation that Obama’s statement is blatantly false.
Senate Health, Education, Labor & Pensions Committee Ranking Member Mike Enzi (R-WY) asked the CBO to clarify their analysis of employer-based coverage changes and this weekthe CBO wrote back:
We estimate that between 9 million and 10 million other people who would be covered by an employment-based plan under current law would not have an offer of such coverage under the proposal.
The plain English translation of the above CBO speak is: “Under Obamacare, employers will dump 10 million of their employees out of their current coverage whether they like it or not.” No wonder Obama has stopped making his “if you like your health care you can keep it” promise.
(CNSNews.com) – Two members of the special oversight panel put together by Congress to monitor the Troubled Asset Relief Program said Thursday that leftover funds from the bailout of the financial industry cannot be directly used to fund new job stimulus programs planned by President Obama. New legislation will need to be approved by Congress and signed by the president for that purpose.
Boxer Compares Abortion with Viagra
Sen. Landrieu Says She'll Let 'Lawyers on Our Staff' Figure Out If Constitution Authorizes Congress to Force Americans to Buy Health Insurance Capitol Hill (CNSNews.com) – Sen. Mary Landrieu (D-La.) told CNSNews.com she would leave it up to the “constitutional lawyers” to explain exactly where Congress gets the constitutional authority to force Americans to buy health insurance, the central mandate in both the Senate and House health care bills. |
Thursday, December 10, 2009
Perspective of A Russian immigrant no.4
Perspective Of A Russian Immigrant (No. 4)
By SVETLANA KUNINPosted 12/08/2009 07:02 PM ET
IBD Exclusive Series:
Perspectives of a Russian Immigrant
I look at the people who support the transformation of America in disbelief: They are destroying the very land that gave them so much opportunity.
Groomed, well-fed and educated, comfortably living in a prosperous society, they need a mission to give meaning to their lives. These "fighters for the less-fortunate among us" glaze over the fact that hundreds of millions of people from around the world desperately try to come to this country for all it offers, regardless of their economic status, race, class, or gender.
Immigrants rightly see this country as the best place to obtain a decent life for themselves and their families.
When I immigrated to America in 1980, I was overwhelmed with the amount of food and goods available at any store, at the numerous charitable organizations helping the needy, and even the government programs that helped people to obtain necessary skills to find a job.
Later, I realized that the country was in the midst of a deep recession. Compared to where I came from, it seemed like the pinnacle of prosperity.
As a secular Soviet Jew, my first Christmas in America was amazing. The proud display of religious symbols was a celebration not only of the holiday, but of a population free to express their beliefs without fear of oppression.
I understand why at the beginning of the 20th century Jewish immigrants in America wrote many beautiful Christmas songs; these songs were born out of grateful hearts. Churches and synagogues coexist without issues. Nobody is forced to practice or not practice a religion.
Soon, however, I noticed darker aspects underlying life in America. Political correctness had seeped into everything like cancer. Under the pretense of multicultural diversity, suppression and intolerance of uniquely American traditions such as liberty, private property, and e pluribus unum (out of many, one), became not only acceptable, but necessary in supposedly enlightened society.
Under the pretext of helping the needy, liberals eliminate people's drive to better themselves and their families. Instead, they obsess about events of the past and exacerbate the victim mentality in the very people they claim to help.
The stranglehold of political correctness has only grown stronger. I see in today's governmental policies a replication of the very things I escaped from.
In the USSR, representatives of the Communist party — partorgs (literally: party organizers) — were ingrained into every aspect of civilian, official and military life. These political organizers controlled public order by observing the behavior and speech of every citizen.
People who wanted a more secure and privileged life found it necessary to join the propaganda machine. In order to survive, citizens were silent out of fear of retaliation by the authorities.
Government-controlled medical care and poorly compensated medical personnel stimulated corruption at every level of service. People had to resort to bribery in order to get the help they needed, and underpaid medical personnel were open to the payouts.
Those who could not pay had to beg for help. The only hospitals comparable to American hospitals were in Moscow and a few other cities, where government officials were treated. In the rest of the country, medical care was substandard. This was the reality of free health care for everyone.
No one can dispute that America has issues with its medical system, and here too, some people struggle to get the help they need. But the solution to the problem is not more bureaucratic control. The quality of medical care will inevitably decline for everyone.
I came to this country in the middle of a recession, and I saw the economy revive and prosper when the government eased the tax burden on people and businesses. People were free to use their talents without the interference of central planning. Today the opposite is taking place, and we see the opposite results because central planning results in wasteful spending, corruption and the suppression of initiative.
I am afraid these transformers of America are destroying the future of our children. I hope the free spirit of America triumphs.
• Kunin lived in the Soviet Union until 1980. She now lives in Connecticu
Tuesday, December 8, 2009
Monday, December 7, 2009
Tune in at 3pm est to the show to witness the verbal beatdown of the progressive movement
Wednesday, December 2, 2009
my Disection of Obama's West Point speech
Tuesday, December 1, 2009
The New York Times Trying to Provide Cover for Obamacare
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