Wednesday, October 29, 2008

Why America Can't Afford Another New Deal

America can't afford another New Deal. I can't see how the first one worked since it was blurred by World War II. I can't see how another Great Society will work as the first one from the 1960's still has done little if anything for our economy.
I would like to see a new freedom deal for our society and our economy especially for those who work. This could be done by making the Bush tax cuts permanent. It would not penalize those who work hard, choose to take risks and create jobs and wealth for our economy. It would allow for the free market movement to continue to exist in our economy and allow for economic growth to continue to take place. A redistribution of wealth already occurs in our economy (although Congress by exempting itself from most laws, social security and the like allows its wealth to grow)through the current income tax system. A large proportion of citizens pay no taxes at all and are supported by those like us who work for a living. Thus if we work in our economy we are penalized by the same federal government trying to continue to change our wealth status and give it to those who supposedly need it. Rather than empowering those who need more skills and education it is much easier for government to create the mindless bureaucracy of entrapping these same people in a welfare mentality and welfare cycle. Government owes them. The New Deal and the Great Society were utopian measures which failed our economy and created the great dependency that is visible especially in the Democratic party, a party void of ideas and ethics. But in my economic opinion it was a failure, is a failure and will continue to be a failure for the future. We as a voters need to understand that we can ill afford more of this endless quest for mediocrity that the Democrats embrace at all levels of government. Real change in November comes only with a vote and a victory for John McCain and Sarah Palin.

1 comment:

Headless Horseman said...

Why, you don't think we can tax ourselves back into prosperity? Get in the Gulag, Swick!