After watching President Obama’s address to the joint session of Congress and Governor Bobby Jindal’s Republican reply, it’s clear that Americans have two very different definitions of what it means to be “responsible.”
President Obama and his Democratic friends are spending like they’re playing with Monopoly money. His lofty rhetoric and reassuring phrases have no resemblance to the reality he’s creating. He challenges Americans to “take responsibility for our future once more….our job is to govern with a sense of responsibility…there’s no bailout for dishonest lenders who acted irresponsibly or for folks who bought homes they knew from the beginning they would never be able to afford.”
But his administration continues to bailout irresponsible financial institutions, to save poorly run companies and throw funds at bankrupt states and cities who aren’t fiscally responsible enough to curtail their own runaway costs and unnecessary programs. Instead of letting them fail and cope with the consequences, they delay the inevitable by continuing to give them more money.
Most empathize with those Americans who thought the good times would always roll, who failed to save enough money to weather through the tough times and who never read the fine print in their mortgages. Life’s lessons are often painful, but, instead of letting such citizens learn from their mistakes, the Democrats keep bailing them out. Who pays the price? Responsible citizens who are left with no mortgage relief and higher taxes.
Unfortunately, fewer and fewer Americans are complaining because the “other guys” are paying the bill! With the tax cuts already enacted, for the first time in history, over 51% of Americans will end up paying no income taxes. For the top 5% of American tax payers, it’s a very different story. Since 1980, this group of Americans has seen their share of the income tax load go from 35 percent to nearly 60%. Obama’s Democratic storm troopers don’t feel that’s enough! This isn’t shared sacrifice—it’s forced confiscation.
It’s said that the rich are greedy. It’s true that increased wealth is often one of the byproducts of success in business, but most rich Americans are far from greedy. They fund important charities; they save and invest more than they spend. They’ve taken responsibility for their own future, but now they’re being penalized for their success.