Well, we now have an agreement to saddle our great grandchildren with even more debt that they will not be able to pay. Neither the Republicans nor the Democrats seem to have a clue to what it takes to manage a budget. It’s not that tough. You determine what you have coming in and adjust your spending to fit into that parameter. Of course it has not been done since 1957.
We all know that it is not the goal of government to operate on the same basis as we mere citizens have to operate our own households. Something happens to politicians when they go to Washington to “govern” us. Over the past couple of weeks I have learned that our government borrows 40% of everything they spend. I guess that has never been a secret, but it finally sunk into my thought process.
As I have written on numerous occasions there is a way to balance the budget and pay off the debt that has been accumulated over the past couple of hundred years.
What is the most effective and efficient way for government to raise revenue? Increase the number of taxpayers. In April of this year the Congressional Research Service published “Analysis of an Estimate of the Total Costs of Federal Regulations.” They determined the cost of federal regulations for 2008 was $1.75 trillion. That is an enormous burden on the backs of American business. Imagine how many new employees businesses could hire; imagine the growth of those businesses if they did not have the regulations and the associated financial burden hanging over them.
Now imagine the new employees and growth if corporate taxes were reduced to a manageable level. I could envision a maximum of 15%. Just these two areas would spur such a growth in economic activity that businesses and government would have trouble keeping track of it.
Just today, the Secretary of Homeland Defense, Janet Napolitano, announced initiatives to draw foreign investors and businesses to come to the United States to set up shop. Is that because all of the regulations have driven the wage payers out of business? Is it because US businesses cannot pay new employees because of the onerous taxes and cost of regulation compliance?
But that is only the first part of the cure. As someone recently said, we don’t have a budget deficit problem, we have a spending problem. This has to be stopped. The best guideline to use to curb the spending is the Constitution.
No place in that revered document does it mention that it is the responsibility of the federal government to regulate education; nowhere does it say that the federal government is to take the side of labor to bring business to its knees; and in a more recent issue, the government has absolutely no business getting into citizens’ health issues.
These are only a very few areas that the federal government has no business. Conversely, Article I, Section 8 of the Constitution expressly states the responsibilities and powers of the Congress. Paragraph 15 states that “Congress shall have the power….To provide for the calling forth the Militia to execute the Laws of the Union, suppress insurrections and repel Invasions” (emphasis added). When is Congress going to take this responsibility seriously? In fact, looking over Section 8, it looks like the only responsibility Congress has decided to execute is paragraph 2, “To borrow Money on the credit of the United States.” They really have gotten this one down.
Challenging this Congress and Administration to curb spending and vote to keep the United States of America off welfare is like asking Hitler to be nice to Jews. So I will end by saying that it is time for all of us Americans to tell Congress and this Administration that they have diddled around with our wallets for the last time. They have been riding rough shod over us for years, now it is our turn.
As always, I welcome your comments and discussion.
PS: On a personal note, I am really rising in the polls, so far, three people have promised to vote for me for president, only 200,000,000 to go.