Monday, August 08, 2011
Conservatives, on the other hand, aren't as concerned about evening out inequalities between individuals and would rather encourage individuals to pursue their own interests, for better or worse. Most conservatives believe that government should not penalize hard work, risk-taking and success by insisting that government take a larger share of the fruits of those efforts.
But with the advent of the modern welfare state, conservatives have been on the losing end of the policy debate when it comes to providing government assistance to a growing portion of the American population...
So what can we expect from the new congressional committee set up to tackle these issues? Not much, which means that the mandatory budget cuts agreed to in the compromise are likely to be the best we can hope for — along with a hefty tax increase when the so-called Bush tax cuts expire. And when that happens, liberals will have won the day once again.
The $1.2 trillion in mandatory cuts required if Congress doesn't accept the recommendations of the new bi-partisan committee come mostly from cuts in military spending and payments to Medicare providers. That's assuming that the committee can even come up with a plan. What these cuts don't do is tackle the entitlement infrastructure, which is what is threatening to bankrupt the country...
With so many Americans now on the receiving end of the greatly expanded welfare state, I'm not sanguine about the prospects of the conservatives winning [in 2012]. But if we don't change course soon, liberals may find that there is little American wealth left to redistribute to anyone.
Looking for a succinct explanation of the reasons why the American economy (not to mention the American experiment in democracy itself) is in grave trouble? Linda Chavez breaks it down for you in an excellent column.