Political Commentary & Cartoons

Friday, July 17, 2009

DO WE REALLY BELIEVE THAT THIS DIRECTION IS THE RESULT OF THOUGHTFUL ANALYSIS AND DECISIONS TO SOLVE OUR ECONOMIC PROBLEMS?

I have a link to a petition at the end of this entry to limit government spending. The current direction in which America is headed economically has to be based on the analysis and conclusion that:

1. the government beauracracies can do a better job than private enterprise which will not survive if they do not provide goods or services for a competative cost which satisfy a customer's needs. Government beauracracies will survive as long as the government funds their budget requirements and the incentive for a beauracrat is to increase the budget which they manage. We see things like Home Depot with a greeter at the door and a more helpful attitude throughout the store when the economy went down because they want to stay in business. I feel that it is ludicrous for me to feel the need to point out that there is a differance between private enterprise employees and a company's survival, and public employees with an incentive to grow the beauracracy so that they have more power. This was evident in the Great Society days where a woman would have another baby so that she could receive increased welfare and the beauracrats enjoyed an expanding empire.

2. the government which said that doing nothing is not an option and hastily, without reading what they were passing, approved a stimulus bill which had to be passed immediately to keep unemployment under 8.0% understands what is going on and what needs to be done to correct our economic problems. They have spent approximately 10% of the Stimulus Package which was a fix for impending doom if it were not immediately passed and the unemployment averages 9.5% with a projection that it will increase.

3. the politicians who received money from and one who had a personal relationship with an executive with FannieMae/FreddieMac and who had reimplemented Mark to Market had nothing to do with the financial disaster we have and that they are competent to determine how to lead us out of this morass. Californians tried this and that doesn't mean that it will always create that result - do you have an exception where government spending has created prosperity?

4. public spending on projects and employees creates a stimulus effect of lasting consequence which justifies the expense. Would you think that the test should be job creation for jobs which:
a. are created very quickly
b. provide long term employment in a job which will create other jobs such as expanding for profit companies endeavors which increase collected income tax revenue. Entities such as states or companies which use stimulus money to correct budget woes may stay viable longer, but they do not create a larger, stable income source. This is like paying a credit card bill with a credit card.

5. we will not be in grave danger when countries holding our debt and increasing their customer base outside of the US such as China with a growing domestic and non-US customer base grows out of their dependance on us to buy their products. My question is, "Should we have financial stability and lower debt to protect our country in the event of an economic war?

6. growing government employment which depends on tax revenue without increasing the private sector, tax producing employment is sustainable. European countries are trying to decrease the public sector spending as a percentage of GDP.

Think about the above questions, read the petition and see if it seems like a better direction for our country.

PETITION TO CONGRESS AND PRESIDENT TO HALT OUT-OF-CONTROL SPENDING
To: Congress of the United States, President of the United States
Whereas, the Constitution of the United States clearly and specifically limits the scope and authority of the federal government under the enumerated powers clause;
Whereas, the encouragement of private and public debt by the federal government has brought America to the brink of financial devastation;
Whereas, history proves government spending has never succeeded in curing an economic downturn, but rather serves only to deepen and prolong it;
Whereas, government takeovers of banks and financial institutions move America ever further from the free-enterprise principles that have brought the nation prosperity for 233 years;
Whereas, bailouts of failing corporations represent a counterproductive response to what is, essentially, a government-induced crisis;
Whereas, the current level of irresponsible government spending will, by all accounts, either bankrupt this country or burden our children, grandchildren and great-grandchildren with never-ending debt;
Whereas, redistribution of wealth by government for the purpose of achieving "social justice" is immoral and a proven failure:
SIGN THE PETITION
We, the undersigned, assert our rights as citizens of the United States in demanding an end to all further "stimulus" spending, corporate bailouts, "earmarks," pork projects, welfare programs, higher tax rates and attempts to nationalize industries. We reject socialism, no matter how it is packaged. And we pledge to hold accountable any and all elected officials who continue to pursue this course that is rapidly leading America to ruin.

http://www.wnd.com/petition_spending

No comments:

Post a Comment