The awful truth is that this country has been grossly mismanaged for decades. The Great Recession has exposed the mismanagement, casting a cruel light upon our impending insolvency. One might have hoped that in this national emergency, the politicians we elected to serve us would shelve the posturing and insist on doing the right thing instead of the politically palatable thing. If we are to emerge intact from this crisis, we need two things: First, we need to cut spending, drastically, programmatically. I’m not talking about the basket of illusory cuts Congress has so far offered. I mean real cuts. The culture of entitlement must take a long vacation. Second, we need to stimulate economic growth. We do that not by destroying thousands of cars and bailing out two-thirds of the American auto industry (like many Americans, I have sworn never, ever to buy a car made by Chrysler or Government Motors); you don’t do it with fake stimulus programs in which the government spends money it doesn’t have to reward unions and other special interests which in turn contribute to the politicians who have generously taken money out of other peoples’ pockets and lavished it on them. What you
Recent Comments