Monday, October 12, 2009

Tea Parties will save America from Obama debt

Opportunity, as well as a threat

In 2006, the Comptroller General of the United States, David M. Walker, announced that the unfunded commitments had risen from $20 trillion to $50 trillion in 2006. This equates to $440,000 for each American household, or nine times the median income of $49,000.

Our response was to raise the limit on the national debt and borrow another half-billion!

Where were the TEA partiers in 2006? It ill behooves us to pretend to be shocked at the current Keynesian stimulus spending when this massive and frightening debt was coldly and deliberately created by the Bush/Cheney administration.

We need a national plan to eliminate the debt that will reduce imports and level the playing field for industry through public choice, etc. We should also launch another (public works) program for high speed rail transportation, water transfer from Alaska to California by subsea pipe and alternate energy, etc.

There is a national security element to this problem and we should remember that without the (public works-created) Grand Coulee Dam, we would not have had the aluminum to build the planes to defeat the Axis powers in World War II.

Americans need to get back to work and realize that this is an opportunity as well as a threat.

Craig Lang

Oceanside

No comments: