A couple thoughts as we move towards year-end:
First, Republicans appear to be ready to cave on health care reform. That should be an unconditional green light to abandon the party and support a third party. If they can’t stop this legislation given public opinion, then (i) they aren’t trying, and (ii) the party is not worth saving. How much longer can we support such a party just because they are slightly better than the Democrats? Meaningful change that supports personal freedom, small government and fiscal responsibility will only happen with a third party!
Second, there’s a lot of chatter about a value added tax. That is still a tax borne by taxpayers with higher prices. Because it is a hidden tax, the politicians will love the idea. Watch our Republicans on this as well. My guess is they’ll jump at the opportunity. There’s no talk of a spending cuts or dedicated use of such revenue. This is likely just another money grab by Washington.
Third, there’s a lot of talk about economic recovery. We are still very vulnerable with the dollar de-valued, high unemployment, state budgets in crisis, real estate finance unresolved and Congress looking at several new taxes. We still have energy issues and eventually our lack of a sound foreign policy will lead to a security breach that could result in economic chaos.
Finally, there’s a lot of talk about “stealth” bills and legislation add-ons to pass unpopular legislation. Congress – Republicans and Democrats alike – needs to be held accountable for their actions in the 2010 elections. We need to vote these people out.
