Thursday, June 04, 2009
We need fiscal responsibility in government--fast!
Most fiscal conservatives would support an agenda that included: 1)taking a very hard look at every government program and agency to reduce its budget responsibly; 2)to eliminate duplication and regulatory redundancies in government; 3)to plan and execute a greatly decreased spending agenda more fitting to our GNP and revenues; 4)to reduce the number of personnel in government accordingly in a humane manner, such as not replacing retirees in the sectors reduced; 5)to work to reduce the deficit and reach a balance in a responsible manner over time; 6)to align defense budgets with both long and short-term threats; and, 7)to stop nation-building efforts where possible, while living up to our commitments.
Most fiscal conservatives would go along with tax increases to pay down the debt and stabilize Social Security and Medicare, if they could be assured that the increased revenue would be spent for the purpose intended.
The problem is, any increase today would most likely go to programs that have the effect of growing government greatly, and not to the economic stability we want. Universal health care, universal college education for all, subsidies and earmarks left and right, and little fiscal restraint or careful supervision is what we believe would take place. As Senator Grassley said, government agencies go over theirauthorized limits in a heartbeat if they think they can get away with it. Those universals may be highly desirable, but not when we are serious debtors. Nations that have such benefits also have tax levels that are onerous: 60-70-80% at the high end plus VAT at 18-20% for everyone for everything purchased.
The key is fiscal responsibility, and the current Congress and Administration leave us with zero faith and trust that they are acting responsibly.
Labels: Fiscal Responsibility