American Exceptionalism

That’s right, America does not have a debt, or deficit problem.  That is what President Obama, Harry Reid, Nancy Pelosi, and others of their liberal ilk would have you believe, but it is simply not true.

America has a spending problem,  as was properly pointed out recently by Presidential candidate Herman Cain.  Let us explore some facts in support of my statement.

In 1975, total U.S. debt stood at a little under $2.5 trillion.  Between 1975 and 1980 our debt rose very slowly, ending the decade a little under $3 trillion.  But then, the pace began to accelerate, so that in 2008 it had risen to around $9 trillion.  For many of these years, Congress was under the control of Democrat majorities, while the Presidency was more often controlled by a moderate of either party.  If fact, the only Conservative to occupy the White House in that period of time was Ronald Reagan, a true Conservative and champion of Constitutional government.

Then, with Obama in the White House and liberal super-majorities in both houses of Congress, both deficits and debt have shot up over the past 2 1/2 years so that our debt is now at $14.3 trillion.

The conclusion?  No matter who has been  in charge, every administration for the past 36 years has spent more money than it has taken in, thus, spending on the deficit and therefore increasing our debt.

Now, by any rational accounting, we are in crisis.  Moody, for the first time is indicating that if America does not control itself, we may lose our AAA bond rating.  And losing that rating would be truly disastrous, for, the debt that we now hold would increase dramatically in the cost of servicing it, that is, the periodic interest payments we must make to avoid defaulting.

President Obama has suggested that we can ease our deficit problem by raising taxes.  But Conservatives have evaluated all of the revenue that would be generated by Obama’s suggested increases, and found that they would finance spending at our current rate for only ten days. (click the link)

Revenue enhancements, as Obama so euphemistically calls tax increases,  are not the answer!  If they taxed every million dollar wage earner at 100% it would not solve our deficit problem.  And, even if it would, it would be only a fleeting fix because Congress would simply increase spending again.

They say that the best way to predict future behavior is by observing past behavior.  What does Congress do whenever revenues increase?  That’s right, they spend more, until the latest windfall is lost in a new round of deficit spending.  Congress, with only rare exceptions, will always spend more than it is taking in.  And right now, they are spending a lot more!

Fact:  Until Congress controls its spending, there will be no resolution to the debt crisis! 

So, here are my ideas:

First, we need to push Congress, and push hard, to pass a Balanced Budget Amendment for ratification by the states.  This needs to happen during the current session in my estimation.

Second, we need to push Congress to pass a spending cap.

Third, in 2012, we need to make sure that we elect Conservatives, note, I say Conservatives, and not Republicans, and take control of both Houses of Congress.

And finally, we need to support a true Conservative for President, someone who loves his country and stands firmly in support of our Republic as it was constituted.

We need to support Herman Cain for President!