"According to University of Dallas economist Michael Cosgrove, in 1979, 20 percent of American households received more government transfer payments than they paid in taxes. By 2009, this was up to 60 percent. With all the crocodile tears about inconvenience that this shutdown may cause some nonessential government workers, the real tears should be for the massive loss of jobs due to a barely recovering economy larded down with government regulation, spending, debt and a welfare state culture. Stanford economist Edward Lazear reports in the Wall Street Journal that only 58.5 percent of our working-age population is employed today, compared to more than 63 percent prior to the recession. Last June, Lazear wrote that “at the present slow rate of job growth, it will take more than a decade to get back to full employment defined by pre-recession standards.” A new Gallup polls shows 60 percent of Americans saying the federal government has too much power, the highest percentage ever recorded by Gallup. Obama is intentionally playing to the cracks in the Republican Party. He knows Republican leadership is weak-kneed. Our main worry should be that Republican leaders will cave in. The country is lost. We need principled and courageous leadership now. The Tea Party is the solution, not the problem."
Posted on: Tue, 08 Oct 2013 00:53:31 +0000
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