A Battle We
Cannot Afford To Lose
Patriots since the founding of our country have always risen to the
challenges of their time. Today, we must do the same. As the debt crisis
deepens, the time is growing short. We must demand that our lawmakers speak
truthfully about the budget, and offer real solutions.
We know that the biggest threat to our way of life today is our growing
debt. Yet progressives in government and in the media disrespect us. They
label us extremists and racists when all we are calling for is a responsible
government that controls its spending.
Federal spending is up 108 percent from what it was 10 years ago. The
Congressional Budget Office estimates that the deficit this fiscal year will
be nearly $1.6 trillion, the largest in peacetime history. The government
borrows 40 cents of every dollar it spends. As the deficit reaches 10
percent of our annual GDP, the debt is now equal to it.
By the submission of his budget, President Obama tacitly admits that he is
not serious about addressing the problem. His budget will more than double
the deficit in the next few years, and within five years, the debt will grow
to $21 trillion. By then, interest payments on our debt will be nearly half
of federal tax receipts, and inflation will run wild. This is a mathematical
certainty unless great change comes to Washington very soon.
And with the stimulus money soon running out, the bailouts of state and
local governments will end. Across the country, state and local
governments have already started cutting police, firefighters, emergency
medical personnel, and teachers. The protests in Wisconsin are just the
beginning. In Illinois, tens of thousands of people had been waiting for
their checks for months until state officials finally punted by raising
taxes and borrowing more money. Dozens of other states have similar horror
We cannot believe half of what our government tells us, and nobody in the
media even bothers to cover it. A decade ago, we were running
surpluses. What few people knew was that Social Security withholdings gave
the federal government its artificial surplus, but now, with our aging
population, Social Security is already operating in the red and requires tax
general revenue to meet its commitments. And then we are told
that unemployment is 9.4 percent when the true number of people seeking work
is closer to 20 percent.You see, it is all in how unemployment is defined.
But misleading statements are catching up with governmental people. While
the government reported inflation to be only 1.5 percent for 2010, the U.S.
already has inflationary problems with food, energy, clothing, and other
necessities. The CRB food index was up 36 percent over the past year, and
raw materials were up 23 percent. The government can also define inflation
in a non-threatening way, but it is already causing anxiety around the world
and riots in the Middle East. It is sure to be higher in 2011 and
beyond. Much higher.
With the dollar as the world's Reserve Currency, the U.S. is the only
country that pays for its imports in its own currency. As a result, our
government can just print more money to pay for anything. So, now we are
seeing China, Japan, OPEC countries, and others that are moving to end usage
of the dollar in their transactions for oil, and moving instead to a basket
of currencies. The dollar could lose its Reserve Currency status. When that
happens, the price of gasoline and other imports here will skyrocket,
inflation will soar, and the economy will tank. Just imagine what happens
when China quits buying up our debt.
Saying that we are losing our prosperity is an understatement. We are at the
edge of an abyss, and it is mostly a problem of our own making. The time to
reduce spending is now. We must press lawmakers for every budgetary cut from
wherever it can be found. Last week, they passed a bill to cut $61 billion.
These cuts are only a beginning. There will need to be many more.
Unfortunately, we cannot fully reverse the tide of red ink without gaining
control of the Senate and the White House in 2012. Assuming that happens,
lawmakers will then be able to do what is necessary to balance the budget,
including the reforming of Social Security, Medicare, and Medicaid. Of
course, ObamaCare must be repealed. The Department of Education, Department
of Energy, and even the Department of Commerce should all be severely cut
back--or better yet--eliminated. We need lower corporate tax rates. We need
a roll back in regulations. And we need a Balanced Budget Amendment.
It is too easy for Washington to return to its old ways. The seriousness of
this crisis, however, will not stop the left from demagoging every cut in
every way possible. We must be able to refute their exaggerations. Our task
is to elect a governing body of conservatives to go against what is normal
in Washington. Wisconsin Gov. Scott Walker is a good example of an elected
leader who has stood up well against the onslaught. We need many more like
him in 2012.
There is no way to exaggerate the importance of the debt crisis. Now is the
time for all constitutional-minded Americans to get busy, to plug into the
tea party and other grass roots activist groups, and to carry the budget
reform message forward. And we cannot let up. This is a crusade, and it will
go on for years. The debit crisis is a defining issue of our generation.
America, are we willing to do what it takes to remain an exceptional
nation? We do not have much time to answer that question. We must hold our
elected officials accountable, and press them relentlessly for budget
reform. We literally cannot afford to lose this battle.