Our country is engaged in an epochal struggle for its future. Day-by-day reporting of political maneuvering easily distracts us from the big picture.
Here’s what I see: The only real way to begin turning around our deepening, collective financial disaster is to grow our economy better. This has many snowballing benefits, including: more jobs, resulting in greater tax revenues even at the now Obama/Bush rates; and reduced social welfare payments, resulting in moderately lower government spending.
It doesn’t, however, address the looming long-term entitlement train wrecks in Medicaid, Medicare and Social Security, which President Obama and his Democratic Party refuse to reform, nor does it address the increasing squeeze on our national medical delivery system which ObamaCare will cause, despite happy talk to the contrary.
So, huge areas of critical concern remain, but significantly improved GDP growth rates will at least provide the foundation allowing the country to begin the turnaround process. The central question, then, is how the economy can be grown most effectively and quickly.
Two basic approaches exist: ever more government spending and presence throughout our economy; or returning to reliance on the "animal spirits" of entrepreneurial capitalism in the private sector.
The last three decades provide us with actual case study data illustrating and contrasting the efficacy of each approach. Objective examination of this recent experience points clearly to the better choice. Which of these basic alternatives dominates going forward will determine the fate of the America we know but are now rapidly losing.
- Letters to the Editor
- Wall is a good judge Wall is a good judge Editor: I ask that you vote for Judge Karen Wall in the Democrat primary election. In 2010, I and the other Circuit Court Judges selected Karen from more than 20 applicants, to serve as an associate judge for Vermilion County. In
- Don't raise taxes again Don't raise taxes again Editor: Here we go again. Danville now wants to charge you if you use the fire department, $150 for the truck and $50 per hour for the firefighters. I wonder if the mayor and aldermen ever look in a mirror and say, "Yep, we mi
- Wall a top-rank judge Wall a top-rank judge Editor: As a former circuit court judge, state's attorney and defense attorney, I have come to know and thereby have been able to evaluate most attorneys in Vermilion County. Judge Karen Wall is, by far, in the top ranks. Judge
- Wall a candidate with integrity Editor: We, as a people in this modern society, are overwhelmed with information, be it important or trivial; for many it takes up their lives in ways some of us cannot even imagine. Facebook and Twitter surround us with the joy and angst of anyone w
- Keep Wall on the bench Keep Wall on the bench Editor: I believe voters have a great choice in the March 18 Democratic primary for resident Circuit Court Judge. Judge Karen Wall is the only candidate of the three Democrats who has judicial experience and the only Democrat r
- Turner a good choice Turner a good choice Editor: It is with much respect for this candidate that I recommend Chad Turner, who is running for the Vermilion County Board's District 5 seat. I have known Chad, professionally and personally, for the last 14 years. Chad is a
- Gambling won't help city Gambling won't help city Editor: Why, if the national average for a city our size is 34 firefighters, do we have to have 51 when we can't afford them? I do not believe the average person realizes that $78 a year could be coming next year through the
- Try a different way to learn Try a different way to learn Editor: I was pleased to read the Freeport Journal Standard supported my view, that increasing the words spoken to poverty infants might eventually lift them from poverty. Finding ways to accomplish this is not the only c
- Support Dillard-Tracy ticket It seems that one Republican candidate for the nomination for governor in the March 18th primary election has spent millions of dollars on TV ads to try and buy his way to the nomination in November.
- Submit Your Letter!
- More Letters to the Editor Headlines