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Showing posts with the label Fiscal Responsibility

The Enduring Delusion...

Rational Nation U S A Purveyor of Truth Ronald Reagan presided over both a recession and great job growth, and, he told us government was not the solution, that it was the problem. He lifted American's spirits and made us feel good about our nation again after the Iran hostage crises and Jimmy Carter. He said that economic growth created by lower taxes and less regulation would create the rising tide that would lift all boats, and so he oversaw a reduction in top tax rates from 70% to 28%. He raised taxes too during his tenure in the White House, 5 times, yet the federal debt tripled from 994 billion to 2.9 trillion . He talked about reducing the size of government and getting it off the backs of the American people, yet he actually only reduced the growth of government. And, he increased defense spending to levels not seen since WW II. Since 1980 and the Reagan "conservative" Revolution the GOP has been preaching the same gospel to achieve growth and prosperity, l...

"Cut, Cap, and Balance

by: Les Carpenter Rational Nation USA Birthplace of Independent conservatism Liberty - vs- Tyranny The "cut, cap, and balance" concept gaining popularity in congress sounds an awful lot like what Rational Nation USA , as well as many others have been saying for a long time. The reality is it is now a necessity we take responsible action to curb spending, cap government growth,and balance the budget. The time is certainly upon us when politicians on both sides of the aisle start putting the future of the nation ahead of their own political aspirations and economics. Video h/t NETRIGHT DAILY . NETRIGHT DAILY has much more in an article entitled "Cut, Cap, and Balance Pledge the Only Way." The article offers commonsense insight into the very real dangers increasing our 14.3 trillion dollar debt ceiling presents. Article from NETRIGHT. By Robert Romano – “The only way Republicans’ leverage on the debt ceiling will work is if they’re willing to not increas...

Progressive Altruistic Collectivists Showing Themselves to be Clueless!

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny The editors of Think Progress , that useless and salacious rag of progressive collectivism have found it convenient to assail Ayn Rand and her Objectivist philosophy in their attack on Representative Paul Ryan's budget plan . In doing so they display both their ignorance of Ayn Rand's works as well as their ignorance of sound economic theory . Yes, Ayn Rand was an atheist. She believed that faith in a unknowable, and thus mystical supreme being was illogical and irrational. Not unlike millions, or perhaps tens of millions of atheists throughout history. So, what the hell does that have to do with economic theory? You likely got it right. Absolutely nothing. Yet Think Progress is using Rand's rational advocacy of capitalism, and by this I mean laissez a faire capitalism, to further the collectivist support for altruism. Which is the selfless belief that the individual...

Stockman Has the Eventual Outcome Right... For All the Wrong Reasons

by: Les Carpenter Rational Nation USA Birthplace of American Conservatism There is absolutely no question that if this nation elects to continue on our current irresponsible and unsustainable fiscal path raising taxes on everybody will be become a necessity. Video: Of course Stockman is speaking from the perspective of a true progressive. He, like all progressives simply believes in the right of the federal governments to confiscate the fruits of every individual's labor to whatever level the government deems necessary to support its spending habits. It does not matter how irrational those spending habits may be. If this nation simply closed tax loopholes for the very wealthy and large corporations, implemented a fat tax system, ended government subsidies to corporations {corporate welfare}, reigned in the MIC {military industrial complex} spending to only what is necessary to defend this nation and our true allies, discontinue global foreign welfare, eliminate duplicit...

Ryan's Plan Worth Looking At...

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Representative Paul Ryan has just rolled out his budget plan and it's potential to cut 6.2 trillion dollars in spending over the next ten years. His Path to Prosperity may be the natural continuation of the Regan Revolution. Some highlets of the plan: Embraces free markets to reshape the social welfare state. Shrinks government rather than looking for ways to finance the expanding the public sector. Prevents Washington D.C. from growing to 45% of the GDP by  2050, as compared to 24% today. Ryan's plan would downsize government to just over 15% by 2020. Return the size of government to approximately 1950 and prevent the Europeanization of the U.S.A.'s economy.  In fact Ryan's plan strongly supports and embraces a dynamic growth as opposed to a  managed de...

Something To Consider

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Here is a little something that progressives and conservative might want to consider. However, because the words make so much common sense it is likely neither will. "It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, 'never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith.'" --Thomas Jefferson, letter to John Wayles Eppes, 1813 Is it just me or does it seem odd that fiscal conservatives and advocates of Jeffersonian principals seem not to understand his practicality and sense of responsibility? Given our history fiscal responsibility went out the window in America about 70 years ago. The question is, does th...

David Walker Discusses The US Fiscal Crisis

Posted By: Les Carpenter III Rational Nation USA Mr.Walker, President and CEO  Peter G.Peterson Foundation  makes many points covering a broad scope of issues. Not everyone will agree in total, however American politicians as well as all citizens need to hear the message and begin taking credible action to reverse our current course. Which as we all know id self defeating and destructive. l Nick Gillespie's  interview of David Walker took place was part of Reason Weekend, an annual conference held by Reason Foundation . This years conference took place April 15 - 18 in New Orleans. t and sustainable path., president and CEO of th discuss the deteriorating financial condition of the federal government and what needs to be done to put the country on a more prudent and sustainable path.