So what can we expect from the new congressional committee set up to tackle these issues? Not much, which means that the mandatory budget cuts agreed to in the compromise are likely to be the best we can hope for -- along with a hefty tax increase when the so-called Bush tax cuts expire. And when that happens, liberals will have won the day once again.
The $1.2 trillion in mandatory cuts required if Congress doesn't accept the recommendations of the new bi-partisan committee come mostly from cuts in military spending and payments to Medicare providers. That's assuming that the committee can even come up with a plan. What these cuts don't do is tackle the entitlement infrastructure, which is what is threatening to bankrupt the country.
In 2008, the American people chose the liberal worldview by electing Barack Obama and large liberal majorities in both houses of Congress. By 2010, Americans were having second thoughts and gave conservatives a large majority in the House of Representatives. In 2012, voters are going to have to decide whether to complete what they started in 2010 and elect a conservative president and Senate or default to the liberal position of 2008.
With so many Americans now on the receiving end of the greatly expanded welfare state, I'm not sanguine about the prospects of the conservatives winning. But if we don't change course soon, liberals may find that there is little American wealth left to redistribute to anyone.
Linda Chavez is the author of "An Unlikely Conservative: The Transformation of an Ex-Liberal."
Linda Chavez is chairman of the Center for Equal Opportunity and author of Betrayal: How Union Bosses Shake Down Their Members and Corrupt American Politics .
Be the first to read Linda Chavez's column. Sign up today and receive Townhall.com delivered each morning to your inbox.