THESE ARE OUR OPTIONS?!
(Originally posted May 2011)
Option A. Barack Obama, Harry Reid and the Democrats on Capitol Hill want to be in charge of a government that spends $3.6 trillion per year, $2.0 trillion of it collected in taxation now and $1.6 trillion in taxation later, when the newly issued bonds mature.
Option B. Paul Ryan, Mitch Mcconnell, John Boehner, the 8 or 10 candidates for the presidency and all the Republicans on Capitol Hill want to be in charge of a government that spends $3.5 trillion per year, $2.0 trillion of it collected in taxation now and $1.5 trillion in taxation later, when the newly issued bonds mature.
There is no fundamental difference between those two options other than who is in charge. Maybe Ryan et. al. would spend, say, $300 billion of the money to benefit a different constituency or interest group, but the only real difference is which party has more power. For the other 99.99999% (approximately 100% less 536/300,000,000) of the US population, there is no discernible difference between the government that Mr. Ryan wishes to sit atop and the one that Mr. Obama is ruling over today. Neither party is really thinking in terms of how to make the people of this country more free and more prosperous. They just want power, and they will buy that power with dollars confiscated from the ‘rich’ and given to the more needy, like T. Boone Pickens and GE for wind turbines.
Almost ALL of the discussion in and around politics is about THAT – who is in charge, who has momentum to pass his agenda, who is up/down in a poll, who can convince more rent seekers that their desires are more likely to be met by the government if Party A or Party B is in charge of the monstrosity.
We need a better brand of politicians – and SOON.