Can we afford this President, Congress any longer?
The United States is about to be functionally bankrupt in two to three years according to Congressman Paul Ryan. How can this happen? Why isn’t the President and Congress doing anything about this horrible situation? Before we answer those questions let us review a few facts.
The current national debt just passed $15.7 trillion. Seven-plus years ago when the current Third District Congressman took office it was less than half that amount.
The projected deficit this year is $1.3 trillion. Again, seven-plus years ago it was less than half that amount.
These numbers are unsustainable, they are the numbers that will ruin the future for our children and grandchildren. Could the amount of accumulated debt and the huge annual deficits have anything to do the horrible economy we continue to suffer here in America? Absolutely! But what are the solutions?
A great definition of insanity is doing the same thing over and over again and expecting a different result. That holds true when we elect the same permanent political class over and over and then expect a different result.
It’s a given that President Obama must be sent home to Chicago. But we can’t stop with a only a new president, we also must elect conservative constitutionalists that will turn the ship of state 180 degrees into the direction of fiscal responsibility.
I have a plan for fiscal responsibility that I will introduce on day one and then work day and night with other like-minded conservatives to pass in the House and then lobby Senate members so our new Republican president can begin to save our wonderful nation. I call my plan the Fair Plan.
The Fair Plan begins with a constitutional amendment to balance the budget. Part of leadership is the art of leading those who aren’t willing followers.
We conservatives have to convince Democrats that it is in their best interest to balance the budget. A balanced budget vote was held earlier this year and passed the House, but not with the two-thirds majority required of constitutional amendments.
The problem is that a concerted effort was not made to convince members of the other party to vote for the amendment. It appeared the vote was for political purposes only.
America is fiscally in too much trouble for these political games. We must have leadership and stop kicking the can down the road.
Next is a new tax system. I wholeheartedly recommend the Fair Tax. Adopting the Fair Tax will have the added benefit of greatly reducing the influence of lobbyists. Why?
Because Congress will no longer be picking winners and losers in the tax code. If you doubt the influence of lobbyists and Political Action Committees (PACs) look at any incumbent’s Federal Election Commission filing of campaign contributions. With the Fair Tax implemented, wouldn’t it be nice to see “for rent” signs where the lobbyists used to have offices in Washington D.C.
The last part of the Fair Plan is beginning the very painful work of paying off our national debt. I propose the first line item in any annual budget be a one-twenty-fifth payment of our national debt. Yes, it will take 25 years to pay off the deep hole we have dug and, yes, it will be painful. Did you know our annual interest payments are approaching $500 billion a year?
How long can we continue to be so irresponsible? How long can we continue to mortgage the future of our children and grandchildren? Congress, it is time to act, the clock is running. We said in the infantry, “lead, follow, or get out of the way.” Those words apply to Congress, too.
[Kent Kingsley is a Republican candidate for Congress in the Third Congressional District which includes Fayette and Coweta counties. He is a retired U.S. Army Infantry lieutenant colonel, owns a small real estate company in Lamar County and lives in Milner, between Griffin and Barnesville. He is an advocate for the Fair Tax, balanced budgets and federal term limits. His website is kingsleyforcongress.com.]