Posted by: Debby Durkee | October 26, 2010

America needs a course correction.

Debby's Web FindsAmerica needs a course correction.

Mark Steyn says that after the election is when we’ll know whether the Republicans have figured out the severity of the country’s situation. The Tea Party members seem to get it. Have the Republicans figured it out or will they continue with the status quo? If they ignore the warnings of the Tea Party, our country is doomed, Steyn says. These are extraordinary times. These are the times for statesmen, not greedy, grubby politicians. It’s time for them to listen and not preach. It’s time for folks like Paul Ryan, not Lindsey Graham. Steyn says the downfall of the country is near, and we must get to work immediately. He says we aren’t facing decline, we’re already in decline, and what comes next is the fall. Please pass this along to your congressman. Everyone in Congress needs to read Steyn. This is from his website http://steynonline.com.

A Republican victory is not the end but merely the means. The Tea Party and other members of America’s beleaguered productive class decided that this time round it suited them to work within the diseased husk of the GOP. This is really the last chance for the unloved Republicans. If the party establishment is sufficiently dimwitted to see November 2nd as the restoration of the 2004-2006 GOP, they will be setting up the conditions (as Rush has already argued) for a serious third-force challenge in 2012…If the Democrats manage to hold onto power by openly funding spoiler candidates, they would be discrediting the entire electoral process, and setting up pre-revolutionary conditions…

…without serious course correction, America is doomed…In the space of one generation, a nation of savers became the world’s largest debtors, and a nation of makers and doers became a cheap service economy. Everything that can be outsourced has been – manufacturing to by no means friendly nations overseas; and much of what’s left in agriculture and construction to the armies of the “undocumented”…

He says that the cost of education here in the United States is exorbitant and doesn’t ready those graduates for the real world, or the elite schools graduate people to make a lot of money for doing nothing productive. (He used Michelle Obama as an example of a $350,000 a year diversity consultant. What is that, anyway?)

So we’re not facing “decline”. We’re already in it. What comes next is the “fall” – sudden, devastating, off the cliff. That’s why this election is consequential – because the Obama-Pelosi-Reid spending spree made what was vague and distant explicit and immediate…According to CBO projections, by 2055 interest payments on the debt will exceed federal revenues…

Within a decade, the United States will be spending more of the federal budget on its interest payments than on its military…by 2020 the government will be paying between 15 and 20 per cent of its revenues in debt interest. Whereas defense spending will be down to between 14 and 16 per cent.  Snip –

…In 2009, the US spent about $665 billion on its military, the Chinese about $99 billion. If Beijing continues to buy American debt at the rate it has in recent times, then within a few years US interest payments on that debt will be covering the entire cost of the Chinese military. This summer, the Pentagon issued an alarming report to Congress on Beijing’s massive military build-up, including new missiles, upgraded bombers, and an aircraft-carrier R&D program intended to challenge US dominance in the Pacific…

You can figure out who’ll be footing the bill: you, your children and their children.

By 2015, the People’s Liberation Army, which is the largest employer on the planet, bigger even than the US Department of Community-Organizer Grant Applications, will be entirely funded by US taxpayers…

The existential questions for America loom not decades hence but right now. We face not genteel Euro-style decline cushioned by America, but something faster, wrenching and far more convulsive – with nobody to cushion it.

…Historically, foreign official holdings of US Treasury securities have been less than five per cent of the rest of the planet’s GDP. By 2009, they were up to seven per cent. Obama-sized budgets depend on foreign holdings rising to about 20 per cent of the rest of the planet’s GDP.

There is no evidence that the world will be willing to do that. And, even if there was, the net effect would merely be to accelerate the remorseless transfer of wealth to our enemies…

… the decline of great powers invariably starts with the money. When government spends on the scale Washington’s got used to, that’s not a spending issue, it’s a moral one. There’s nothing virtuous about “caring” “compassionate” “progressives” being caring and compassionate and progressive with money yet to be earned by generations yet to be born…Increasing dependency, disincentivizing self-reliance, absolving the citizenry from responsibility for their actions: The multitrillion-dollar debt catastrophe is not the problem but merely the symptom. It’s not just about balancing the books, but about something more basic and profound.

In America, one party is openly committed to driving the nation off the cliff, and the other party is full of guys content to go along for the ride as long as we shift down to third gear. That’s no longer enough of a choice. If your candidate isn’t committed to fewer government agencies with fewer employees on lower rates of pay, he’s part of the problem. This is the last chance for the GOP to restore its credentials. If it blows it, all bets are off for 2012.

There just might be a third party challenge in 2012 if the GOP doesn’t get serious. Let’s hope something happens quickly because this could all come crashing down sooner than we think. There’s no more burying our heads in the sand. Stand up, face it , and then do something about it. Read it all here: http://www.steynonline.com/content/view/3540/26/

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