At the crossroads of political war

Florida’s voters stand at a crossroads. You, me, and everyone else in this state, even this country, face a crisis moment of truth, a future-defining juncture.

I do not exaggerate when I lay out my case: voting decisions loom that may be the most important decisions you will make for the rest of your life. We are fighting a political war and our decisions collectively will determine the path your government will trod…and you will be swept along the government’s pathway, like it or not.

We stand in a dangerous place in our history. We face mammoth challenges that can no longer be solved by delaying tactics and procrastination, tritely known these days as “kicking the can down the road.”

Our federal politicians have spent us into turmoil and possibly ruin.Please read carefully: The government spends $1.60 for every $1.00 it earns in tax revenue. The US prints new money to the tune of $2.5 million per minute. Our total US debt is $14.3 trillion, money we owe and don’t have in the bank. Staying the present course, by 2020 our national debt will be $23 trillion. Do you know how much $1 TRILLION is? Well, if you spent $1 million dollars per day, every day, since Christ was born you would have spent far less than $1 trillion. Each day our country spends $1.2 billion to pay interest on the debt we owe, and we spend $4 billion per day more than revenues coming in. On top of that, existing public pension liabilities exceed $3 trillion.

U.S. competitiveness is in a slippery downhill slide. America is losing its world leadership. From the headlines in the last 3 years:

  • •  “US Falls In Ranks of Global Economy”
  • •  “US Falls Behind in Stock Listings”
  • •  “America The Uncompetitive”
  • •  “US Yields Top Rank in Finance Poll to U.K.”
  • •  “Regulators may drive derivatives markets out of US”
  • •  “US economic standing, investment in research, is now declining”
  • •  “Unfriendly US regulatory climate puts the NYSE at disadvantage”
  • •  “US Patents Plunging”
  • •  “The World Will Miss Our Heyday”

The Arab street is in flames, destabilizing relationships that the US must rely on for oil because the Left blocks all new domestic refineries. Many US allies and friends around the world are losing confidence in our leaders. We’re gaining the reputation that we don’t stand behind our friends when they need us.

Union and public sector protests, fueled by a “more, more, more” attitude, are growing due to entitlement mentalities. Meanwhile, 45% of US households pay no income tax! Entitlement spending on Social Security, Medicare and Medicaid, over time, will consume every cent of US tax revenue.

Millions of people remain out of work while federal, local and county government’s spending addiction goes untamed.

What will happen if we can’t stop this madness? The answer is that our children and grandchildren will inherit a diminished America, as we eat our children’s seed corn.

So now we approach the political crossroads. Which way to go? We can turn left into increased entitlements, fatter governments, and cradle-to-grave safety nets. Or we can turn right and swallow the distasteful medicine that puts us on the road to recovery and fiscal responsibility.

In a political war, the aggressor usually wins. So, what’ll it be for you? A further descent into what won’t work, or a return to conservative values? Pick one or the other– the road to socialist dysfunction or the road to a stable republic– because you can’t choose both. Are you ready to fight for your children’s future?

John R. Smith GET AUTHOR RSS FEED

John R. Smith is chairman of BIZPAC, the Business Political Action Committee of Palm Beach County, and owner of a financial services company. He is a frequent columnist for BizPac Review.
John R. Smith

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