No Nation Can Spend its Way Out of Debt

Dear Editor

I appreciate your pro-life perspective, which is consistent with choosing Life!  I would like to respond to an editorial you wrote several days ago, in which you talked about the Republicans caving on their pledge to stop tax increases.  Good point – sounds like they will cave on the principles they espoused.  I like Bradley Gitz’s astute observation that if the Democratic party positions itself as Santa Claus and is giving out goodies to all of the children, it is hard for the Republican Party to be scrooge, reduce the goodies, and be popular among these same children.  By the way, I am an Independent.

While you rightly pointed out the hypocrisy of the Republicans and their inability/unwillingness to stand up for their principles, you gave a pass to the Democrats – the party of the big spenders.  While they give lip service to addressing the budget, their policies, such as the significant increase in spending brought about by Obamacare, are basically to keep spending, spending, and spending. 

They sound like they are in league with the Federal Reserve, whose chairman stated that they will keep quantitative easing until unemployment decreases to 6%.  Sounds like the sign in a corporate office:  “The beatings will continue until morale improves”.

You passed on a golden opportunity (and responsibility) to address the fiscal issue head on, to point out that there is no nation in history that has ever been able to spend its way out of debt, particularly if the money being spent is being printed in the back room of the national bank.  Why don’t you talk about Zimbabwe, Argentina, the Weimar Republic, and what happens when government expenditures significantly exceed the revenues year after year?

Surely you are not foolhardy enough to believe that the laws of economics and fiscal discipline can be bypassed, that this could never happen here, because America is special.  Come on – take the high road.  Tell people what they need to hear, not what they want to hear.  The light of truth signs brightest in the midst of great darkness, and you have the matches.

Best regards,

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