What's "far right" about fiscal responsibility, low taxes, small government, free markets and constitutional principles? When did it become "far right" to believe the government should pay its bills and not saddle future generations with enormous debt?
Rather the problem lies with far-left economic policies of massive government spending, increased entitlement programs, government takeover of health care, GM etc. The radical left has taken total control of the democrat party and is instituting socialist policies and bankrupting the country.
But somehow radical left policies have come to be portrayed as "moderate" while traditional American ideals have come to be portrayed as "far right". This is a total misuse of language.