Monthly Archives: September 2010

The Responsible Politician’s Pledge

It is irresponsible insanity that we have allowed our current  federal deficit to grow to around 10% of GDP, have allowed our government to budget for deficits in the trillion dollar range far into the future, have allowed unfunded federal liabilities to grow to over $100 trillion and have allowed our state and local governments to drift into equally irresponsible fiscal condition.

Despite all the attention to taxes in the press these days, fiscal problems as huge as we face simply can’t be fixed on the revenue side. Raising tax rates will only further weaken the economy and reduce actual tax receipts. We need Congress, state legislatures and local governments to all seriously address the cost side of the equation by eliminating at least 30% of existing government spending – across the board.

At the same time, we need to address the ever growing regulatory burdens in our country that are stifling creativity,  job creation and productive economic activity. The ever growing morass of regulation is leaving our businesses uncompetitive in the global economy, while facing huge uncertainties and unable to respond effectively to domestic opportunities.

The good intentions of all kinds embedded in our current laws, programs and regulations are killing our economy and severely threatening the viability of our nation’s economic future.

Despite all the other challenges we face, we cannot afford any more idealistic good ideas from our leaders in government, at least not until we get our fiscal house in order. More than anything, we need to reduce the costs and damage created by all the idealistic good ideas that we are already stuck with.

We should only elect politicians willing to make a pledge to not create any new programs, create any new regulatory burdens or fund any new projects at all for the duration of their term. They should all spend their next terms focused entirely on eliminating and trimming existing unaffordable programs and regulations that we are already burdened with. By necessity that will involve making the hard unpopular cuts in politically untouchable programs like Medicare and Social Security, as well as completely eliminating vasts swaths of government activity.

We can’t leave our children with our inexcusable levels of government debt and regulation.  We need to elect only politicians willing to make the hard and immediate cuts necessary to restore fiscal and economic responsibility to our government.


Leave a comment

Filed under Economic Policy, Politics

The Tea Party And The 2010 Elections

If the Tea Party folks really want the rest of us to believe that they are voice of liberty and responsibility, why do they keep backing people with extremist social agendas like Sharron Angle and Christine O’Donnell?

The moment is ripe for a truly responsible party that believes in both individual liberty and economic responsibility.  Clearly the Republicans and Democrats are failing. Why is it our only choices are between extremist elitists on the left who want to control our economic lives with their academic fantasies, extremist moralists on the right who want to tell us all how to live our personal lives, and hypocritical career politicians who don’t believe in anything except their own power and sucking up to special interests for cash?

What happened to the principles of freedom, liberty and personal responsibility that our nation was founded on? Hopefully we can get at least a few politicians that both believe in those core principles and can provide some modest evidence of  competence.

Currently it appears that the best America can hope for is a completely deadlocked congress that won’t do more harm.


Filed under Politics

Clear Eyed Analysis Of Our Government In Action

Jeff Jacoby wrote a very succinct and clear analysis of the net impact of the federal government’s Cash for Clunkers program. His conclusion:

“Cash for Clunkers was a deplorable exercise in budgetary wastefulness, asset destruction, environmental irrelevance, and economic idiocy. Other than that, it was a screaming success”

While Cash for Clunkers was more blatantly outrageous and immediately obvious in its counterproductive stupidity than most government programs, a similar clear eyed analysis will find equally compelling results in the ARRA Stimulus program, the TARP bailout of the giant Wall Street banks, the recently ended subsidy of home purchases, the Heath Care “reform” legislation, Sarbanes Oxely, the Dodd Frank financial “reform” bill, most of our foreign aid, and many other well intended government programs throughout history.

The laws of physics should be considered in determining the actions of men and our governments – specifically Newton’s Third Law of Motion – For each action, there is an equal and opposite reaction.

Successful politicians, with their almost universal need to self confidently delineate “solutions”, tend to be oblivious to the unintended consequences of their actions. Unfortunately, it is more often those unintended consequences that have a larger impact on reality than the  well intended programs they result from. Being  completely sheltered from personal responsibility and personal ramifications for their actions, even when the results of their failures become obvious to all, good government idealists merely continue on with the next blindly idealistic scheme while blaming the evil of selfish private interests for the failure of their myopic good intentions.

Combining the naive idealism of the good government types with the corruption inherent in any environment where trillions of dollars get allocated, the results we get from Washington are all too predictable. Nobody should be surprised that the majority of Americans have reached a clear consensus that it is time to drastically shrink the size and role of government in our lives.

In “Down With Big Government, Big Business, Big Labor“, Michael Barone accurately reflects the mood of the country. Average Americans are completely fed up with the corrupting collusion of over-sized and overly powerful institutions in our society.

Unfortunately, both major political parties are effectively the same when it comes to centralizing ever greater control in Big Government – Big Business collusion. The times really are ripe for a new political party to emerge and revive the our nations founding ideals of freedom, individual liberty and personal responsibility for our own lives.

Leave a comment

Filed under Economic Policy, Politics