Can Congress be Stopped?
Rarely, only rarely, do politicians bare their souls. Senator Biden had one of these moments when he related patriotism to the duty of Americans to pay higher taxes. His candor defined the politics of national decline.
Biden’s solution: Pad all government accounts to compensate for its reckless abandonment of fiscal sanity. It’s not a solution; it’s an endorsement of the status quo. He believes that buying oats for a dead horse will miraculously turn it into a thoroughbred.
Senator McCain was correct when he said the fundamentals of the American economy are sound. America has the infrastructure, the intelligence, the capital, the willingness and a tradition of solving problems.
There is only one question that needs answering. Can Congress be stopped from interfering with our economic success?
Long term recovery and sustainable economic growth is dependent on government staying out of the pockets of business, and business staying out of the government’s pocket. The margins between these entities have been blurred by decades of legislation which has created an unhealthy dependency.
Now add social engineering to the mix. The Department of Housing and Urban Development (HUD) was created by the Democrats to encourage banks to approve the mortgages of unaccredited borrowers. Freddie Mac and Fannie Mae were created to buy the worthless mortgages that the banks would have otherwise refused to approve.
In effect, the government licensed mortgage brokers to pillage over a trillion dollars from the US Treasury to promote housing welfare. Don’t blame the regulators. Send your heart felt thanks to the Democrats for your generosity. Now watch them scramble to control the distribution of the funds.
The bailout will soon become history’s greatest political slush fund. Of course, the Democrats will blame the bankers and paint the need for a bailout as a shared responsibility. That’s code for sticking every single American with a $2300 bill for yet another failed income redistribution scheme.
This fits the Standard Operating Procedure of the Democratic Party: Throw good money after bad. And for the record, President Bush will sign their legislation because he doesn’t have a backbone and his advisors all live on Wall Street.
To keep America’s credit lines healthy, temporary funding should be used to bolster the reserves of the thousands of financial institutions that remained faithful to the public trust.
The nation is in jeopardy because liberals believe government is the source of prosperity. Democrats believe that taxation creates opportunity. Follow this arrogance to its logical conclusion, and taxes can never be high enough. Senator Biden confessed his belief that if government is revenue rich then everyone will live happily ever after.
The current US tax code is a precursor to the nation’s obituary because it is used to grant special treatment. It’s the official log of business buying favors from a Congress that trades its influence for our affluence.
Senator Biden’s moment of honesty pinpoints the cause of our nation’s economic stagnation. Whether the Democrats are debating healthcare, education or energy their goal is the same. They want to expand and retain the power of government. And that is what’s rotting America’s economic fabric.
Biden’s solution: Pad all government accounts to compensate for its reckless abandonment of fiscal sanity. It’s not a solution; it’s an endorsement of the status quo. He believes that buying oats for a dead horse will miraculously turn it into a thoroughbred.
Senator McCain was correct when he said the fundamentals of the American economy are sound. America has the infrastructure, the intelligence, the capital, the willingness and a tradition of solving problems.
There is only one question that needs answering. Can Congress be stopped from interfering with our economic success?
Long term recovery and sustainable economic growth is dependent on government staying out of the pockets of business, and business staying out of the government’s pocket. The margins between these entities have been blurred by decades of legislation which has created an unhealthy dependency.
Now add social engineering to the mix. The Department of Housing and Urban Development (HUD) was created by the Democrats to encourage banks to approve the mortgages of unaccredited borrowers. Freddie Mac and Fannie Mae were created to buy the worthless mortgages that the banks would have otherwise refused to approve.
In effect, the government licensed mortgage brokers to pillage over a trillion dollars from the US Treasury to promote housing welfare. Don’t blame the regulators. Send your heart felt thanks to the Democrats for your generosity. Now watch them scramble to control the distribution of the funds.
The bailout will soon become history’s greatest political slush fund. Of course, the Democrats will blame the bankers and paint the need for a bailout as a shared responsibility. That’s code for sticking every single American with a $2300 bill for yet another failed income redistribution scheme.
This fits the Standard Operating Procedure of the Democratic Party: Throw good money after bad. And for the record, President Bush will sign their legislation because he doesn’t have a backbone and his advisors all live on Wall Street.
To keep America’s credit lines healthy, temporary funding should be used to bolster the reserves of the thousands of financial institutions that remained faithful to the public trust.
The nation is in jeopardy because liberals believe government is the source of prosperity. Democrats believe that taxation creates opportunity. Follow this arrogance to its logical conclusion, and taxes can never be high enough. Senator Biden confessed his belief that if government is revenue rich then everyone will live happily ever after.
The current US tax code is a precursor to the nation’s obituary because it is used to grant special treatment. It’s the official log of business buying favors from a Congress that trades its influence for our affluence.
Senator Biden’s moment of honesty pinpoints the cause of our nation’s economic stagnation. Whether the Democrats are debating healthcare, education or energy their goal is the same. They want to expand and retain the power of government. And that is what’s rotting America’s economic fabric.
Labels: corporate taxes, Fannie Mae, Freddie Mac, HUD, Senator Biden
posted by David at
7:30 AM
