“When they call the slightest spending reductions 'painful', we will say 'If government spending prevents pain, why are we suffering so much of it?' And 'If you want to experience real pain, just stay on the track we are on.'”
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The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.
But if our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'
Among the weeds choking out growth and good government are the hundreds of boards, commissions, and advisory committees that have sprouted over the years. They devour time, money, and energy far beyond any real contribution they make.
Left to ourselves, we might pick the wrong health insurance, the wrong mortgage, the wrong school for our kids why, unless they stop us, we might pick the wrong light bulb.
