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First, I plead with every member of this list to not reply to this
post. Don't agree with it, don't argue it, don't respond at
all. This list is not about politics and it's not going to become
about politics. If it were not for my long term admiration of the
poster, he would be off the list now. He knows better than to post
political opinions such as this as do I, as do we all. Please, let
it end with this one post and lets all get back to making
money.
Thank you,
Bob
At 12:55 PM 5/9/2005 -0400, you wrote:
Subject: [ntt-list] Party of Bloat
Good luck in the market, while
the country is being led by the "Party of Bloat."
From the Murdoch-owned New York
Post:
GOP: Party of Bloat
May 8, 2005 -- THE Republican promise of smaller,
less-intrusive gov ernment is getting harder and harder to believe.
Especially when a more plausible plot line is unfolding every day: that
the GOP has put aside the ideals of Reagan and Goldwater in order to
pursue a political strategy based on big spending.
For the latest, check out a report just released by the libertarian Cato
Institute that tells a striking story about just how out-of-control
spending has gotten under President Bush.
Cato finds that:
* Bush has presided over the largest increase in federal spending since
Lyndon Johnson.
* Even excluding defense and homeland security spending, Bush is the
biggest-spending president in 30 years.
* The federal budget grew from 18.5 percent of the Gross Domestic Product
on President Bill Clinton's last day in office to 20.3 percent at the end
of Bush's first term.
Add to that Bush's massive Medicare prescription-drug benefit, expected
to cost $720 billion-plus over the next 10 years. (The money for that new
entitlement, the first created by a president in a generation, will start
flowing this year.)
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Bush may have cut taxes, but that's not the same thing as shrinking
government. And when government expands, as it has under Bush, taxes will
eventually have to follow suit.
And Bush's wild spending spree is no anomaly. To Karl Rove's way of
thinking, it's the only way for the Republican Party to "seize the
mantle of idealism" from the Democrats.
As Rove told a conference of conservative activists in February, he
believes the GOP has in the past been too "reactionary."
Republicans have to be for things, not against them. They have to
have "visionary goals."
This, Rove said, means "reforming" the tax code, health care,
pension plans, the legal system, public education and worker training;
"building" an Ownership Society of homes and businesses;
"preparing" Americans for meeting "the challenges of a
free society; "building" a culture of life;
"supporting" religious charities, and "fostering" a
culture of "service and citizenship."
If this isn't activist government — that thing conservatives used to be
against — it's hard to say what would be.
And it costs a lot of money, as Cato makes clear:
* The budget for the Corporation for National and Community Service
(which funds Clinton pet project Americorps) rose 76 percent from
1995 to 2005.
* The Trade Adjustment Assistance program, which pays for job training
for workers "displaced" by international trade, has almost
quadrupled in size since 1995.
* The budget of the Department of Education (not long ago on the GOP's
short list for elimination) has grown by 38 percent in just four years
under Bush.
Congress is no innocent victim here — it's an accomplice. Under Clinton,
the Republican Congress ratcheted down the president's spending
proposals year after year, according to the Cato report. But, under a
united Republican government, Congress has ratcheted up Bush's
spending proposals (larding them with pork) by about $91 billion from
2002-2005.
It's not always easy to see how radically Bush has transformed the GOP —
from Reagan's admonition that "government is the problem" to
Dubya's own assertion that "when somebody hurts, government has got
to move." But it's a real transformation — and an expensive one.
Average Americans will eventually feel it in the taxes that will have to
be raised to fund Bush's massive federal expansion.
Republicans who have stuck by the party's leadership mainly because of
the War on Terror will begin to feel it in 2006 and 2008, when they
realize that Big Government Conservatism is not a strategy or a
philosophy — but a sellout.
E-mail: rsager@xxxxxxxxxx
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