I realize it's convenient for President Obama to pretend he's a bystander on fiscal matters when it suits him and to pass the buck that never stops with him back to Congress, but how about a little leadership on the issue for a change?
The Republican-controlled House has done its part, but Obama and Senate Democrats continue to dither. The only time you see much activity out of them is when Republicans force the issue, such as with Congressman Paul Ryan's plan to balance the budget through a combination of discretionary spending controls, structural entitlement reforms and a major tax overhaul. Otherwise, it's as if they're either oblivious to the nation's looming bankruptcy or cynically unconcerned.
The Examiner reveals that Senate Budget Committee Chairman Kent Conrad spent a full day explaining a proposal to the Democratic caucus but nothing emerged because too many of Conrad's comrades "hate it." Guess why.
Wrong. It's not because it doesn't go far enough with spending cuts and doesn't include serious entitlement reform. It's because it cuts too much spending and doesn't raise taxes enough.
So let me get this straight. Due to reckless entitlement promises, profligate non-defense discretionary spending, and repressive government taxes and regulations, we are headed toward Grecian-style bankruptcy, European-style socialism and a permanently growth-stunted economy with soaring unemployment, and the Democrats' solution is to give us more of the same?
Aren't you tired of these career politicians on the left side of the aisle moralizing about the greed of the "wealthy" when these same politicians habitually buy votes with borrowed dollars? Who are they to lecture those who actually produce and contribute to the economy?
As Milton Friedman once asked, why aren't these politicians considered greedy? At least the wealthy spend their own money -- and add to the general revenues through the substantial taxes imposed on them. These finger-wagging liberal politicians, on the other hand, spend way more money than most so-called wealthy people do, directly benefit from these expenditures of other peoples' money and, worst of all, are bankrupting the country.
Losing Jobs Over Ex-Im’s Expiration? Don’t Believe ItLosing Jobs Over Ex-Im’s Expiration? Don’t Believe It | Ed Feulner