Our recent history in America has been replete with economic uncertainty and financial destabilization as the leading producers attempt to cut losses while Washington continues the looting of the taxpayers.
Business as usual in the nation’s capitol and expansion of government continues as families bend under the strain of yet another government entitlement program that borrows from our grandchildren to pay for yesterday’s free-for –all luxury.
Don’t you think it’s time to stop this runaway train before it gains too much momentum? Have we lost our ability to save for tomorrow? Have we lost our reasoning so much that we cannot see that today’s political indebtedness is costing us our country?
When, in America, did it become acceptable to be parasitic on the labor of our neighbor’s back?
When, in America, did it become fashionable to refuse to pull our own weight? And to demand that our neighbor give up the money (which he earned) that he would have used to send his daughter to college so that illegal aliens could get “in-state- tuition rates “ at a local school that an AMERICAN CITIZEN from a neighboring state cannot get?
How has this come about?
Alexis de Tocqueville stated over 200 years ago that “The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.”
Our republic has lost the all important distinction between the necessity and the ability of the government to provide for the public service. Regulations came about in the last century at first to fulfill a need where industry grew beyond the safe barriers for its working people so that reason and caution would overcome growth and profit .But in the latter part of the century, as government bureaucracy grew, it became an entity in effect for its own growth, regulation because they (the regulators) were there to regulate rather than regulation to cure an Ill.
When the politicians discovered that regulation (and its privileged exemptions) was a powerful tonic for re-election money, Regulation became the tool for leveraging the continuance of power. Thus the tyranny of the bureaucracy was re-discovered in modern American politics.
Politicians in Washington decided that they could gain favor with voting constituents by offering home ownership to those who could not previously afford a home by forcing lenders to provide lower qualification rules and by guaranteeing the loans with the U.S. treasury through quasi-government entities like Fanny Mae and Freddie Mac. As the loans began to default, the “bad paper “ was hidden (so that investors would still buy the notes along with good loans ) by bundling them together , which ,of course, led to financial disaster and political blame and a fall in property value to reflect a less inflated market.
This example is one of many that reveal the bureaucratic tyranny that Washington politicians have designed to keep incumbent power and maintain a luxuriant status quo for the political elite.
What has fallen the furthest in our corrupted system is the gem of our republic, individual liberty. When citizens are not free to fail from their poor life’s decisions as well as succeed from their good decisions, they become dependent on the system instead of self-reliant.
As Americans begin to discover the financial debt that Washington has created, and realize the burden that their grandchildren (and their grandchildren) will be forced to bear, the disdain for Washington grows. The promises from the last election become obscured by the mountain of new government regulation and bureaucracy that we all must work to support.
The Soviet Union discovered in the 1980’s that a bureaucracy heavy nation could not endure, when too many people work for the government and too few work to pay for it, the system is unsustainable.
When the debt grows beyond the people’s means to support it, the nation becomes too weak to remain.
America must remember this recent history lesson before we, too suffer the same fate as that once powerful nation which opposed us in the cold war.
Our future stability both politically and financially depends upon reigning in the waste and reducing the expansion of an already overgrown federal government bureaucracy. That can only be done by forcing the political class to realize the true nature of the source of their power and demonstrating the ability of the voting public to recognize and replace an entrenched, privileged incumbent.
Patrick Alan Pittman