In this week's Liberty Update, we highlight the falsity of the persistent claim that Barack Obama somehow…
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GDP Report Confirms Our Commentary on Obama's Economic Record

In this week's Liberty Update, we highlight the falsity of the persistent claim that Barack Obama somehow prevented a great depression:

[T]he federal government's own economic data shows that Obama actually inherited an emerging recovery.  The American economy was already rebounding before he even officially became president.  What he has done is impose policies that have resulted in the slowest decade of economic growth in recorded U.S. history."

Yesterday's official report on first-quarter 2016 economic performance provided same-day confirmation.  More specifically, the U.S. Commerce Department announced that gross domestic product (GDP), the basic metric by which the economy is measured and by which recessions and recoveries are defined, grew at a disturbing 0.5%.  Not only is that…[more]

May 03, 2016 • 11:52 am

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Liberal Attacks Misfire on Ryan Budget Plan Print
By Ashton Ellis
Friday, April 08 2011
So far, no liberal commentator inside or outside government has seriously addressed the central inescapable issue of federal spending: It is unsustainable at current levels.

The Left’s denunciation of House Budget Committee Chairman Paul Ryan’s (R-WI) 2012 “Path to Prosperity” budget proposal was swift, but curious.

So far, no liberal commentator inside or outside government has seriously addressed the central inescapable issue of federal spending:  It is unsustainable at current levels.  Add ObamaCare’s implementation to the ledger, and government spending will incur an additional $9.4 trillion increase in the federal deficit within a decade.  (As of today, it’s $14 trillion.)  So says President Obama’s 2012 budget proposal.

In 2009, at the close of his first 100 days as president, Barack Obama engaged in a rare show of straight talk.  Asked at a town hall in Arnold, MO, which federal entitlements needed cutting, Obama said:

“The big problem we have with entitlements is not Social Security, it’s Medicare.  Medicare and Medicaid, the two health programs that the federal government helps support, those are the things that are really breaking the bank.”

You don’t say.  Yet the president has said almost nothing about reining in entitlement spending since that unscripted flash of honesty two years ago. 

Rep. Ryan acknowledges that Medicare and Medicaid are the programs most in need of fundamental change if they are to be saved.  That’s why Ryan is pushing a plan to transform Medicare into a voucher program and Medicaid into block grants.  Unlike the president, the House Budget Committee Chairman is showing authentic leadership. 

Obama now has other priorities.  Instead of offering any kind of alternative, the president sends White House press secretary Jay Carney to say that Ryan’s sensible plan “fails” because it doesn’t “reflect American values of fairness and shared sacrifice.” 

Where are those values listed?  The Declaration of Independence mentions that governments are created among people to protect an individual’s rights to “life, liberty and the pursuit of happiness.” 

The Constitution empowers the government to legislate for the “general welfare.” 

But nowhere in either document can one find a reference to an American creed of fairness that dresses up government insolvency and higher taxes as examples of shared sacrifice. 

For the Founders, sacrifice was an action taken in the hope of a better tomorrow.  People pledged their lives and sacred honor – with many losing their homes and families in the process – to build a democratic republic free of despotism. 

In the Age of Obama, “shared sacrifice” isn’t a temporary measure.  It is a permanent reduction in the economic opportunity of all Americans. 

The president isn’t alone in his scarcity-for-all program.  Rep. Chris Van Hollen (D-MD), ranking minority member on the House Budget Committee, calls Ryan’s plan “the same old ideological agenda that extends tax breaks to millionaires and big oil companies while cutting our kids’ education and health security for seniors.” 

Only an economic vision obsessed with dividing up a shrinking pie could argue that Americans face a (false) choice between illiterate children and stricken seniors on one hand, and tax breaks for fat cats on the other.

It is inevitable that any serious, responsible attempt to rein in spending like Paul Ryan’s will take heat from hotheaded liberals – from Van Hollen to Pelosi to Schumer – warning of the apocalypse.  It is equally certain that the Left will try to convince Americans that emotion should trump reason when it comes to entitlement programs, exposing the same old tired scare-tactic refrain so beloved by liberals, so destructive to governance. 

The truth is that a government focused on enabling private sector growth in production is a government able to offer an all-of-the-above approach to social policy.  After all, growth in wealth and employment increase economic activity, which in turn increases the tax revenues that liberals love to spend.

That’s why Ryan’s plan includes a reduction in income tax rates to 25 percent.  Allowing all Americans to keep a greater amount of their paychecks will be the kind of pro-growth signal the market has been waiting to see from government. 

If Democrats are at all concerned about maintaining some semblance of their pet projects, they should be eager to learn the lesson taught by former Rep. Jack Kemp (R-NY): Give Americans an incentive to produce, and they will work the country back into prosperity. 

The notion that a rising tide lifts all boats is something Kemp’s former speechwriter Paul Ryan would be happy to share, if only liberals would listen.  They won’t.

The 2012 budget fight will only get nastier.  Good thing fiscal conservatives can count on Paul Ryan’s sensible arguments to beat back the hysterics. 

Question of the Week   
Which one of the following national political parties most recently held a brokered presidential nominating convention?
More Questions
Quote of the Day   
 
"Mr. Obama's efforts in Iraq today are the anti-Iraq surge. Whereas Mr. Bush in 2007 learned from his mistakes, Mr. Obama remains stubbornly committed to his failing approach. Whereas Mr. Bush listened to military leaders, Mr. Obama's favors inexperienced ideologues. Whereas Mr. Bush doubled-down to win in Iraq, Mr. Obama plays to run out the clock -- fueling a foolish narrative that the Islamic State…[more]
 
 
—Pete Hegseth, The Washington Times
— Pete Hegseth, The Washington Times
 
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