By Akash Chougule
Thursday, March 06, 2014
February was not kind to supporters of the liberal
agenda. In the span of four weeks, the nonpartisan Congressional Budget Office
(CBO) released four separate reports, each concluding that misguided big
government policies are hurting American businesses and families.
CBO first reported in early February that President
Obama’s healthcare law will drive millions out of full time work and push our
ballooning national debt to $27 trillion dollars. A second report released by
the CBO concluded that a mandated hike in the minimum wage to $10.10 would kill
500,000 jobs, mostly for low-wage workers. And a third report suggested that
the federal Highway Trust Fund will fall some $100 billion short of meeting
obligations in 2015 – thanks in large part to policymakers’ desire to spend
money on such pressing transportation priorities as horse trails and covered
bridges. Finally, a fourth report concluded that the President’s “recovery” has
been largely ineffective.
The good news is that these CBO reports have vindicated
much of what conservatives have been saying for a long time: that liberalism
and its expensive panacea of government-centric solutions are not the answer to
America’s issues. The bad news is that many of our political leaders seem
unfazed by these recent revelations, and remain determined to push forward with
counter-productive policies that will restrict economic opportunity and push
America even further into an ocean of red ink.
President Obama’s healthcare law, undoubtedly the
determinant of his legacy, has done little more than fall flat on its face.
Democrats repeatedly promised America they could keep their health plans and doctors.
President Obama promised premiums for the “average family” would fall, and that
Obamacare would not add “one dime” to the deficit. We now know all of these
statements were lies. And then CBO confirmed that deficits will climb in the
next ten years, while millions of Americans will be pushed out of full-time
work.
Conservatives forewarned about these and other negative
effects of Mr. Obama’s signature law, but Nancy Pelosi brushed off those
warnings, and told America that lawmakers had to pass the bill so we could see
what was in it. Congress passed it, and less than four in ten people like what
they see.
With the news about Obamacare getting worse by the day,
Democrats have turned their attention to raising the minimum wage, only to have
the CBO debunk this ploy, as well. Liberals voiced support for a bill authored
by Senator Tom Harkin (D-IA) that would raise the minimum wage to $10.10,
ignoring conservative claims that a minimum wage hike would harm the most
vulnerable people in the workforce.
Soon thereafter, the CBO reported that the proposed
minimum wage hike would eliminate half a million jobs - mostly for low-wage
workers. Moreover, CBO found that only 19% of the wage boost’s benefit would
accrue to families below the poverty line.
In addition to poking holes in two key pillars of the
Left’s policy agenda, the CBO’s third report exposing the impending shortfall
in highway funding made less news, but is equally concerning.
As America’s roads and bridges fill with traffic, the
federal government continues to waste money on modes of transportation that few
people use. In classic Washington fashion, rather than spending funds
responsibly, politicians and bureaucrats have steered resources into projects
that have little to do with the original purpose of the funds - and provide
even less benefit to the public at large. But instead of cutting and reforming
spending, the President called for a four-year, $302 billion transportation
bill riddled many of the same systemic flaws.
Finally, in an appropriate end to the month, the CBO
reported that despite the President’s $787 billion stimulus package turning
five years old, the economic recovery has been slow and inconsistent. They
reported that employment has risen “sluggishly,” the unemployment rate is
falling largely thanks to the drop in labor force participation, and long-term
unemployment remains extraordinarily high. CBO also noted that this recovery
has paled in comparison to its previous four predecessors.
The CBO reports of the past few weeks have proven correct
conservative warnings about many misguided “progressive” ideas. What’s more,
they underscore the need for real, effective limited government reform.
As the truth continues to unfold in the face of
liberalism, America must continue to ask why elected leaders are continuing to
lead us down the road to ruin. In an economy struggling to recover under the
weight of astronomical levels debt and ever-growing government budgets, most
people have realized that our country cannot continue down the path of these
failed policies.
America deserves a government that does more than pat
itself on the back – we deserve a government that empowers us with the freedom
to improve the well-being of our families, our communities, and our country.
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