Tuesday, April 5, 2011

Is Common Sense Returning to Government?

Well, well, it seems that the longer the Obama Administration remains in power, the more it returns to the policies of George W. Bush. How strange!

Ever since President Obama took office, our problems with the economy have gotten worse. Major spending increases have failed to deliver promised jobs. The safety net for the poor is coming apart at the seams. Government health and retirement programs are growing at unsustainable rates. The new health-care law is a fiscal train wreck. And a complex, inefficient tax code is holding back American families and businesses. (However, that last problem can hardly be laid at the foot of President Obama, alone.)

The president’s recent budget proposal would accelerate America’s descent into a debt crisis. It doubles debt held by the public by the end of his first term and triples it by 2021. It imposes a $1.5 trillion in new taxes, with spending that never falls below 23% of the economy. His budget permanently enlarges the size of government. It offers no reforms to save government health and retirement programs.

Now, we are seeing more and more of President Bush’s policies being resurrected to remedy the problems we have at this time. Even the closing of Guantanamo seems to have been cancelled.

In my opinion, the most problematic part of the current governmental formula is its discouragement of private business. As I noted in my last blog post, Blacks in America are recognizing these problems with the welfare state; and they are migrating to parts of the United States where business and employment possibilities are better.

I think the new GOP Path to Prosperity being proposed by the House Budget Committee is very probably the best policy for our country at this time. I think we should try it. The current policy is just not working.

This blog post was partly inspired by articles in the Wall Street Journal of 5 April 2011, pages A15 and A13.

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