This dependence on government is a cancer, which grows uncontrollably and decreases human initiative. It cannot, by its very nature, lead to economic growth.
With our national debt now reaching 100 percent of our gross domestic product, Republicans are right to speak the truth: We cannot afford the government we have.
President Obama, who promised to halve the deficit in his first term, is the owner of the four largest deficits in American history, each over $1 trillion. And 40 percent of our federal spending is borrowed.
Hard choices must be made to save America.
Raising taxes on the wealthy, a strategic canard created by the Obama campaign to attack Romney's personal wealth and shamelessly employ class warfare to divide Americans is not a serious solution. If you taxed millionaires at 100 percent you would do little to balance the budget and much to destroy job creation and investment.
The only solution that will save America requires four parts: reducing spending to our historical average (to around 18 percent of GDP from 25 percent today), reforming entitlements for future generations (Medicare runs out of money by 2024, Social Security will go bankrupt by 2033 and we now have over $36 trillion in unfunded liabilities), reforming our individual and corporate tax code (broadening the base, lowering all rates, ending nearly all market-distorting tax breaks), and enabling rapid economic growth (at least 3 percent annually).
Without growth, the other three requirements are not enough.
Only by honestly describing the current danger and offering a bold case to the voters, which both Romney and Ryan are well equipped to do, can a Romney administration win the political mandate that this solution will require.
For this reason, Ryan is the right choice for vice-president. Now it's time for Romney and Ryan to win the argument.
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