Yes, America needs change. It needs a "Reformation," not more deficit-expanding, economy-crippling reforms. While many of the world's economies are bouncing back from recession by showing spending restraint, cutting taxes and stimulating private economic growth, we're facing exploding deficits, jobless stagnation and looming higher taxes. While Americans look to government with open hands, much of the world is busy inventing a more profitable future at our expense.
Unfortunately, it may take a prolonged recession, lingering unemployment and more bankrupt states and cities for Americans to realize that more entitlements and more stimulus packages are not the answer. It's time for a secular Reformation to call our country back to the Constitutional principles that made us what we are.
Out of our abundance and economic success, we have allowed politicians to promise more than we can afford. Now, the wheels are coming off. If you haven't noticed, because of the increase in the numbers of seniors applying for Social Security and the decrease in employed workers paying into taxes, the money going out in Social Security payments is now exceeding receipts. The tipping point projected for 2017 is already here.
In 2008, David Walker, the former US Comptroller General, concluded that the total burden future generations face for Social Security, Medicare, Medicaid and other entitlements was $53 trillion. He concluded, "Imagine we decide to put aside and invest today enough to cover these promises tomorrow. It would take approximately $455,000 per American household. . The federal government has essentially written a 'blank check' for these programs." There is absolutely no money set aside to pay these promises, and President Obama seems convinced that the only answer is to add more expensive entitlements.
America has steadily been drifting from the Constitutional grounding our Founding Fathers established. What started with FDR's New Deal has now blossomed into a nanny state where the Constitutional rights that promoted life, liberty, personal responsibility and the opportunity to pursue happiness have been transformed into the right of citizens to have healthcare, welfare and lifetime security.