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Posts Tagged ‘government regulation’

Death By Debt

July 15th, 2011 3 comments

What should be the role of the government in a free market economy? Actually very little except for making sure that business transactions are conducted peacefully, freely and without fraud or deceit. Government’s job is to bring justice to those who break the law.

So how did we get into this politically engendered fiscal crisis?

First, through irresponsible and immoral spending.

Right now, the national debt for each American averages $31,871. That’s nearly two-thirds of the median household income of $50,255. Without any real spending cuts or reforms, debt will surge to over $100,000 [$103,827] per American by 2032 and keep rising.

Under the guise that some businesses are “too large to fail,” our government has illegally stepped into the private sector creating a dangerous precedent. We’ve seen unprecedented intrusions into the banking industry and the automobile industry.

When government violates the sanctity of the home and the marketplace, they always bring reams of fresh regulations with them. According to the Wall Street Journal – “It took 169 years from the founding of the federal code of laws to reach 11,472 pages – and only four decades more for that number to quadruple.

In 1960, the code of Federal Regulations numbered 22,000 pages; today that number has grown over 700%.

Immoral spending, tax increases and regulatory burdens cost both individual citizens and private businesses billions!

We are reaching a time in history where the words of John Locke are more relevant that when he first uttered them:

“The reason why men enter into society is the preservation of their property….[Therefore,] whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they [the officials of government] put themselves into a state of war with the people, who are thereupon absolved from any further obedience, and are left to the common refuge which God hath provided for all men against force and violence.
(John Locke, Second Essay Conserning Civil Government, pp. 75-76, par. 222.)

I think the American people have finally declared war on profligate spending. We have had enough! Demand that the government take the necessary steps to reduce spending and make sure you help to elect someone who has the moral courage to do what is right for the next generation of Americans.