Agenda Item #3: Prevent Ownership: Another central plank in the Democrats’ platform is stopping any proposal that would allow individual workers to keep, invest and own more of their retirement savings. Their lockstep opposition to Personal Retirement Accounts (PRAs) is based on the belief that ownership would, in the words of Rep. George Miller, “turn Social Security from a guarantee into a gamble.” In reality, the “guarantee” of government-managed retirement security is as empty as the so-called “Social Security Trust Fund.” The government has already spent our retirement funds, leaving nothing but a massive $12 trillion unfunded liability that will require higher taxes or reduced benefits for today’s workers. Instead of more retirement pain, ownership would allow individuals to protect their retirement savings from congressional meddling and mismanagement.
Agenda Item #4: Increasing Unemployment: Led by Ted Kennedy, Democrats are rallying behind the minimum wage and calling for a $2.10 increase, supposedly to help poor families and unskilled workers. Unless you teach at Harvard and/or grew up on an ocean-front compound in Hyanisport, you know how supply and demand works. If you raise the price of something, you sell less of it. Mandated increases in the minimum wage harm the most vulnerable members of the workforce, as employers are forced to replace unskilled entry level jobs with automated processes and fewer, more expensive, skilled workers. The net result: entry level workers can’t get jobs, or develop workforce skills that lead to higher pay. This brand of “compassion” hides the real Democrat agenda: protecting a few union jobs at the expense of working Americans.
Agenda Item #5: Increasing Gas Prices: In an attempt to stop “price gouging at the pump,” Democrats again ignore the laws of supply and demand in claiming they can reduce energy costs (which increases demand) while limiting supply (which increases energy costs). They consistently vote against policies that would increase domestic supply, including drilling in ANWR, allowing off-shore exploration, and reducing barriers to domestic refineries’ capacity to produce more gas. After the House recently approved lifting a 25-year ban on offshore drilling, which would free up 19 billion barrels in reserves, Democrats in the Senate pledged to filibuster the legislation.
It is hard to imagine, but voters could in fact do worse than Republican “leadership,” trading down to tired policies that limit individual opportunity and future economic growth with the failed policies of Big Government. Instead of choosing between bad and worse, voters should step up and demand that both parties rediscover the simple wisdom of our Founding Fathers. Lower taxes, less government and more freedom is a winning agenda, and we should settle for nothing less from every candidate for public office, Republican and Democrat.