In case you missed it.
In three short years, an unprecedented explosion of spending, with borrowed money, has added trillions to an already unaffordable national debt. And yet the president has put us on a course to make it radically worse in the years ahead.
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.
The president’s grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars. 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.
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Out here in Indiana, when a businessperson asks me what he can do for our state, I say, “First, make money. Be successful. If you make a profit, you’ll have something left to hire someone else, and some to donate to the good causes we love.”
The extremism that stifles the development of homegrown energy, or cancels a perfectly safe pipeline that would employ tens of thousands, or jacks up consumer utility bills for no improvement in either human health or world temperature, is a pro-poverty policy. It must be replaced by a passionate pro-growth approach that breaks all ties and calls all close ones in favor of private-sector jobs that restore opportunity for all and generate the public revenues to pay our bills.
That means a dramatically simpler tax system of fewer loopholes and lower rates, a pause in the mindless piling on of expensive new regulations that devour dollars that otherwise could be used to hire somebody. It means maximizing on the new domestic energy technologies that are the best break our economy has gotten in years.
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