Let Ireland be our Guide
November 27th, 2010Europe is facing more than a crisis as Ireland is the next domino to fall in the “cradle to grave” entitlement governments. Greece was first, Portugal is teetering, Belgium is defunct as far as having no government, and Germany is bearing the brunt of the bailouts. Spain easily is facing the same fate with countless billions of Euros needed to keep these nations afloat for an undetermined period of time.
Britain is taking drastic measures in budget cuts, medical care cuts, and raising their retirement age to offset their pension losses. Riots are rampant by students who are protesting the increases in their costs to obtain an education. This all bears the question being asked, “is the United States next?”
Our current debt exceeds $13.7 Trillion. We are facing even more budget shortfalls in 2011 and beyond. Our economy is NOT growing, despite the “government doctored” reporting, and prices are increasing for basic necessities- food, gasoline, utilities, and beyond. These are not calculated into the inflation equation, so the reports that we have “low inflation” is totally bogus. Unemployment is currently at 9.6% and jobs are not being “created” where they count- in the PRIVATE sector. Continuing to fund more government jobs is NOT sustainable by any stretch of the imagination.
The Federal Reserve has begun a “quantitative easing” policy that basically prints money to buy American debt. $600 billion is NOT chump change in spite of a $3.5 trillion budget that makes it seem minuscule. We are basically borrowing roughly $.40 of every dollar government spends and the nations who once bought American debt are beginning to look the other way and saying “no way”. Not only is that borrowed $.40 disturbing, $.45 of every dollar spent is going to paying for our entitlements- Medicare, Medicaid, and Social Security. By 2015, that number will rise to $.65 for every dollar going to entitlements and our debt level will be at 145% of GDP.
We are facing serious issues and the special interests are already in full bore “action mode” with this lame duck Congress. Spending WILL be increased and more earmarks will be the norm on every single piece of legislation we see out of Progressives. Even some Republicans will be participating in those efforts to “keep the money flowing” back to their Districts and States. 2010 could easily end with even higher budget shortfalls than we saw in 2009. To many if not most Americans, this is unacceptable. After all, that is what this mid-term election was telling Congress- END the spending.
Americans are resilient people. We are smart enough to understand we MUST begin austerity measures to salvage our nation’s sovereignty as this level of debt and deficits is totally unsustainable. The Tea Party movement understands this and sent many new faces to Washington to take action on the necessary measures to turn this ship in the right direction- a balanced budget, a reduction of our debt load, and cuts in spending needed to accomplish that goal. We are telling Washington, we can and will accept far less government in exchange for more personal responsibility, greater liberty, and far less interference in our personal finances by increasing taxes.
Now it is up to Congress to listen and take appropriate action. The old ways of using Federal money to buy votes must end and the re-election of this Congress must depend on taking the actions they were sent to Washington to do- NOT how many dollars they brought home for pet projects. The old ways must end and a new, more accountable Representative must emerge. That accountability MUST be the factor that determines their re-election, NOT how much money they raise for re-election, how much “bacon” they bring home, or what special interest group’s back they scratch.
Now is the time to use Ireland’s woes and learn from them and not let that happen here. Now is time for Congress to do what is right for this nation and ignore the pundits telling them to keep spending to get re-elected. Now is the time to look to 2012 and keep Conservatives who mean what they say and will do what they promise to resolve once and for all that Liberty and Freedom is what makes America great and will keep her great. Now is the time to end the era of Big Government and make the individual reign supreme as our Founders envisioned.
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