John Hofmeister: The U.S. Needs an Industrial Policy - WSJ.com
Sadly - perhaps due to length of article limits - the above is only half the picture.
The other half is what has to be given up to pay for all of this?
Let's start with overly generous middle and lower class entitlements. Yes, people will do without things they want and believe need (but, are they available to everyone in the world? No! So, don't ask other Americans to pay for them!
Stop squandering resources on the drug war!
No longer allow the teachers unions to hamstring education!
Recoup overly generous public employee retirement and other benefits.
Medicare recipients will have to pay more and have a more cost-containing approach.
As for Medicaid, it will have to be cut way back.
Every policy and activity that is consumption paid for by others has to be curtailed - and, drastically.
We need to look to the future and not consume too much today - especially, if we didn't earn it.
As children used to be taught with the story of the goose laying the golden eggs, we can't kill the goose. You only get the daily egg you get and you can't overspend.
Obama and his allies are trying to ensure middle class consumption. They don't care whether it's borrowed money or taxed - and, if it's not there tomorrow - well, that's not there fault - or, is it?
Let's hope the election in Massachusetts wasn't a fluke; and, that the Republicans have the guts to address entitlement spending and pandering to special interests (including the wackos on the religious right)!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment