In the past, being a Republican meant you were in favor of limiting government and governmental spending. Ronald Reagan said it best in his
inaugural address, to paraphrase, "big government won't solve our problems, big government is
the problem." That simply isn't true of the
Bush Administration, with a huge expansion of governmental powers and programs and a debt of over $9 trillion and counting.
"There is no rational linkage between what's coming in and what's going out," said Douglas Holtz-Eakin, describing the current fiscal-policy
mindset in both the White House and Congress. "There's an adherence to tax cuts and an adherence to increased spending. It just doesn't add
Part of the problem in today's Washington, Holtz-Eakin said, "is that the staffs at the White House and in Congress are chiefly campaign
Independent, straight-talking analysis is no longer valued, and even a lot of the people like him who come to Washington from academia (he'd been a
professor at Syracuse) "have gotten sucked into this perpetual campaign mentality ... The culture has shifted to the way you say it rather than what
By the time the next president is nearing the end of a hypothetical eight-year term, the cost of Social Security and Medicare will have forced a
fiscal crisis. "I don't see any easy way to get from here to there," he said. "Why would you want to be president in 2008? I don't understand
Please visit the link provided for the complete story.
I am a fiscal conservative. I have been lost in the shuffle of spending bills arising out of 9/11, the WOT, the invasions of Iraq and Afghanistan,
Hurricanes Katrina and Rita, the Medicare Rx Plan, and so on, ad nauseum. Not that these bills haven't been necessary or justified, just that there
hasn't been a sufficient revenue stream to support them.
I want the issue of fiscal responsibility to take the forefront in '06 and '08. If it doesn't, I believe we are headed into an economic tailspin
of nearly unprecedented proportion. It is probably too late to stave it off completely, but we can mitigate the damage by observing and applying the
laws already on the books mandating fiscal responsibility.
Bush, with only one veto of a spending bill to his record, is well on the way to leaving Gore's "iron-clad lock-box of Social Security" full of
IOU's (if it wasn't already) that can't be repaid, and our government will default on its debt, causing a world-wide financial collapse and crisis.
There must be a way to avoid this calamity, and we must find it, now.
I'm also a social liberal, but that is a topic for another thread.
[edit on 28-10-2006 by UM_Gazz]