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.'
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.'
In fact, it works the other way: A government as big and bossy as this one is maintained on the backs of the middle class and those who hope to join it.
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.
We designed both our state employee health plans and the one we created for low-income Hoosiers as Health Savings Accounts, and now in the tens of thousands these citizens are proving that they are fully capable of making smart, consumerist choices about their own health care.
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.
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.
If freedom's best friends cannot unify around a realistic, actionable program of fundamental change, one that attracts and persuades a broad majority of our fellow citizens, big change will not come.
We believe it wrong ever to take a dollar from a free citizen without a very necessary public purpose, because each such taking diminishes the freedom to spend that dollar as its owner would prefer.
We Hoosiers hold to some quaint notions. Some might say we 'cling' to them, though not out of fear or ignorance. We believe in paying our bills. We have kept our state in the black throughout the recent unpleasantness, while cutting rather than raising taxes, by practicing an old tribal ritual - we spend less money than we take in.
All great enterprises have a pearl of faith at their core, and this must be ours: that Americans are still a people born to liberty. That they retain the capacity for self-government. That, addressed as free-born, autonomous men and women of God-given dignity, they will rise yet again to drive back a mortal enemy.
The failure of national economic policy is costing us more than jobs it has begun to weaken that uniquely American spirit of risk-taking, large ambition, and optimism about the future. We must rally them now to bold departures that rebuild our national morale as well as our material prosperity.
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.'
No enterprise, small or large, public or private, can remain self-governing, let alone successful, so deeply in hock to others as we are about to be.
Starting a new retirement plan for those below a certain age is something tens of millions of Americans have already been through at work.