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Wednesday, December 10, 2008
Terry Jeffrey :: Townhall.com Columnist
The Big Government Light Brigade
by Terry Jeffrey
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Bill Kristol, the often insightful, ever-influential editor of The Weekly Standard, used his column in The New York Times this week to offer some advice to conservatives who advocate small government: Cut it out.

The essence of Kristol's argument is that small government is not popular, therefore advocating it is not a smart strategy for a political faction seeking power in a representative government.

To illustrate his point, Kristol picked the inapt example of President Bush's Medicare prescription drug entitlement, noting that Republicans failed politically when they attempted to roll back Medicare and succeeded when they worked to expand it.

"Indeed, the 'Republican Revolution' of 1995 imploded primarily because of the Republican Congress' one major small-government-type initiative -- the attempt to 'cut' (i.e., restrain the growth of) Medicare," wrote Kristol. "George W. Bush seemed to learn the lesson. Prior to his re-election, he proposed and signed into law popular (and, it turned out, successful) legislation, opposed by small-government conservatives, adding a prescription drug benefit to Medicare.

"So talk of small government may be music to conservative ears, but it's not to the public as a whole," concluded Kristol. He might as well have said: So talk of virtue may be music to a philosopher's ears, but the public prefers vice.

I am not trying to make an abstract point of principle here, but a practical one. Just as unchecked vice in individuals ultimately leads to the breakdown of those who indulge in it -- as Americans can learn just from looking around their neighborhoods -- unchecked vice in government ultimately leads to the breakdown of nations.

America's addiction to federal entitlement programs is a vice. Unchecked, it will break our nation.

Kristol doesn't see it that way. "I can't help but admire some of my fellow conservatives' loyalty to the small government cause," he wrote in the Times. "It reminds me of the nobility of Tennyson's Light Brigade, as it charges into battle: 'Theirs but to do and die.' Maybe it would be better, though, first to reason why."

OK, let's reason why prudence counsels fighting for smaller government -- starting with Kristol's own example, the Medicare prescription drug entitlement enacted by President Bush.

In January, then-Comptroller General David Walker submitted testimony to the Senate on America's "Long-Term Fiscal Outlook." It was subtitled: "Action Is Needed to Avoid the Possibility of a Serious Economic Disruption in the Future."

Walker was not talking about the mortgage crisis and the serious economic disruption now unfolding as the result of individuals borrowing money they were incapable of paying back. He was talking about the coming entitlements crisis and the U.S. government borrowing money it is incapable of paying back. Continued...

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About The Author

Terence P. Jeffrey is the editor-in-chief of CNSNews

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jeffjenn
THANKS,
I think we agree on points.The way i understand it,for axample,if the SS tax brought in 600billion(bn.)BUT paid out 500bn.Congress(LAUGH)spends the other 100bn.In 10years if the SS tax takes in 600bn. BUT pays out 700bn. Congress(LAUGH)would make up the difference from the general fund.
If thats true,why are they talking about raising
payroll taxes?Why talk about raising the ceiling on SS taxes.THATS THE SCAM.If the 100bn.
in the future comes from raising payroll taxes,then they're really not paying it back.

THANKS AGAIN,

ROB

Wake up, America
(Robert): "I don't believe there is a SS trust fund."

You are right in that there are no real assets in the SS Trust Fund. The fund is a debt liability that is owed to SS.

(Robert): "There is only one budget. All taxes go in AND all spending comes out. There is no cash surplus."

Keep in mind that general revenues are collected under the general tax code (income taxes, etc) and SS revenues are collected using a payroll tax. The SS surpluses belong to SS, but are being borrowed by the US Treasury. This is why there is a debt liability that is owed to SS.

(Robert): "What is the debt now? $15 TRILLION with $1 TRILLION deficets. How much longer can we do this? And what happens when the national cretit card runs out? What happens if the bonds stop selling?"

The debt at present including the money that is owed to SS is about $11 trillion. That will increase by another $1 trillion by the end of next year. Also, the boomers are retiring and both Medicare and SS will soon be running short of funds. You are right to be concerned about the impending fiscal crisis that is headed our way.

(Robert): " ... we need to slow down the spending and get back to a balanced budget before it's too late."

I totally agree.
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