The American Republic will endure, until politicians realize they can bribe the people with their own money. — Alexis de Tocqueville
This election cycle, candidates are pushing ever-harder for expanded entitlements and, in turn, a larger federal government. Some examples:
- Senator Clinton has campaigned to create a U.S. Public Service Academy. This proposal would train future government workers, costing the taxpayers $200 million annually to run the academy, and untold billions in wages and benefits for an increasing number of government employees.
- Senator Obama proposes a Foreclosure Prevention Fund to "assist individuals who purchased homes that are simply too expensive for their income levels." No need to be responsible with your money and ensure you can afford that new house, because The Government will bail you out. This plan would cost taxpayers $10 billion annually to allow people to be (for lack of a better word) stupid, have no consequences for making bad decisions, and effectively take no responsibility for their own actions.
- Senator Clinton proposes a $50 billion "strategic energy fund" to research new sources for energy and fuels. Forget supply and demand, The Government will dictate what you power your car with, and how the electric company produces your electricity. When this plan would fail in 20 years after spending untold billions on this program, (and well after we’re beholden to its mandates), the Government would, predictably, tell you how much you’re allowed to drive, and regulate how much electricity you’re allowed to use.
- Senator Obama proposes an "American Dream agenda," which would provide students with a "free" college education. This "free" education would cost taxpayers an estimated $26 billion a year. We have seen the value an alarming number of teenagers put on their "free" high school education, but this entitlement would be different…. how exactly?
- Both candidates are calling for government-run healthcare, which would cost taxpayers even more billions annually, and degrade the overall quality of care.
Nothing is free. It has to be paid for by someone, and anything the government gives out is paid for by the taxpayer, to the detriment of all taxpayers. Only by allowing the free markets to prevail in all instances will we benefit all taxpayers. Do not allow yourself to fall for the bribes of politicians, for they are bribing you with your own money. Do not demonize the rich, for they are the creators of jobs. Do not play the victim, for we each have it within ourselves to live The American Dream.
That some should be rich, shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built. — Abraham Lincoln
Tomorrow: Part V — The Soluton