The national debt seems insurmountable, and if it continues to grow it may well prove to be insurmountable.
The key to conquering our debt is to reduce government spending. It’s really very simple, if spending continues to grow our debt will continue to grow. There is no alternative.
Increasing taxes simply reduces total revenue. History proves this, all you have to do is look back at that history. Even if it didn’t reduce revenue, there is simply not enough money available to reduce the debt AND promote economic growth.
Fortunately, history also tells us that as government spending goes down, economic growth increases. This is rather simple to explain and understand if we just think about it. First, government spending will not grow the economy. All it does is remove money from the private sector and give it to political cronies.
Economic growth can only come from the private sector which is also the primary creator of jobs.
Government spending essentially feeds the bureaucracy creating more waste, regulation and cronyism.
As government spending is reduced, it will automatically reduce the size of the bureaucracy and reduce regulation, which will automatically increase private investment and economic growth.
In my opinion the surest way of reducing spending is to elect truly conservative politicians. Politicians that truly believe in reducing the size and scope of government.
This is not an easy task. We thought we had started the process with the Republican sweep in 2014. After 18 months it is pretty evident that we failed. There are still too many ‘big government’ Republicans in positions of power. These are politicians more concerned with maintaining their positions of power than actually reducing the size of government. We must get rid of these ‘false’ conservatives if we hope to save our economy.
I’m encouraged by many of the Republican presidential candidates. Several have the credentials to ‘true’ small government conservatives. Many certainly don’t have those credentials. Candidates that I am very leery of include Jeb Bush, Chris Christie and Donald Trump. I’m still on the fence over Scott Walker, Marco Rubio, Ben Carson, John Kasich, Rand Paul and Mike Huckabee. I’m really intrigued by Carly Fiorina, and Ted Cruz. I know I’m leaving out a number of candidates that I simply don’t believe are realistic. These include Rick Perry, Rick Santorum, Lindsay Graham, George Pataki, and Jim Gilmore.
I strongly believe that any one of the 16 or 17 Republican candidates would be superior to Hilary Clinton, Bernie Sanders, or any other Democratic candidate but that is not enough. We should not have to ‘survive’ another Republican administration like we had with Bush who dramatically increased the size of government.
I think it is unfortunate that so many Republicans want to impose their own views on social issues. In my opinion, the federal government has no role to play in social issues and I’m uncomfortable that many of the candidates want to replace liberal rules with conservative rules. I don’t believe this is way to encourage non-conservative voters to vote for conservatives. (As likable as Mike Huckabee is, his positions on marriage, and abortion are unacceptable to many voters.)