Breaking News and Commentary

by Rep. Paul Ryan

Imagine your family’s finances if you spent and borrowed like Washington: you’d owe $60 in credit-card loans for every $100 of income. Every month you’d pay back a little but borrow even more. In 10 years, you’d owe $87 for every $100 you made. At some point you’d hand off the debt to your kids. If they worked until 2035, they’d owe more than $180 for every $100 they earned. In 2050, your grandkids would owe more than $320. By 2080 they’d owe seven times their earnings. Of course, lenders would cut them off well before then, and your family would be ruined. But this is the path your government is on right now.

Read the Rest..

Leave a Comment

Power Line

Leave a Comment

Democrats have now packaged their agenda and the policies that it includes under the term “progressive” to obscure the liberal label, hoping by this camouflage to make their programs more acceptable to the American people. As with most fictitious names this one is designed to obscure reality. True, “progressive” could describe anyone who favors or advocates progress. If, however, the programs and policies our government embraces in the pursuit of progress are based on concepts and ideas that simply return or revert to old, thoroughly tested and failed economic and political schemes of the past, regressive would be a far more accurate soubriquet for today’s Congressional and White House liberals. They campaign and politic under a progressive banner, while committing the nation to vastly increased government control of the economy, an ever-corpulent government payroll and unrestrained spending and debt for which the taxpayers for generations to come will ultimately be responsible.

We were recently reminded by none other than Lech Walesa, the founder of Solidarity (and subsequently the President of Poland), who faced down the old Soviet Union twenty years ago, of just how frightening and regressive the course is on which the Administration and the Congress are taking us. During an interview conducted by blogosphere journalist Andrew Marcus, Walesa lamented America’s current drift toward socialism. He said that while we still lead the world militarily, we are growing weak economically and we have forfeited both political and moral leadership. He went on to warn of the waste inherent in centralized government control and seemed saddened that this was the path the United States was on. We could only think of the profound irony of this former union leader, an electrician from a shipyard in Gdansk, who risked his life to free his country from the socialist policies of the Soviet Union, providing such counsel to the elite ideologues now steering our ship of state.

We are witnessing the emergence of a central government hostile to industry, covetous of the earnings and savings of America’s most productive and most successful citizens, seemingly contemptuous of voters at the state level who are registering their disapproval of Washington in election after election, unrestrained and irresponsible in its willingness to spend money it doesn’t have and incur debt it has little or no way of repaying without printing money or heavily taxing its citizens for generations to come. [click to continue…]

Leave a Comment