The President's grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars. In fact, it works the other way: a government as big and bossy as this one is maintained on the backs of the middle class, and those who hope to join it.
As Republicans our first concern is for those waiting tonight to begin or resume the climb up life's ladder. We do not accept that ours will ever be a nation of haves and have nots; we must always be a nation of haves and soon to haves.
In our economic stagnation and indebtedness, we are only a short distance behind Greece and other European countries now facing economic catastrophe. But because the world uses our dollar for trade, we have a short grace period to deal with our dangers. But time is running out, if we are to avoid the fate of Europe, and those once-great nations of history that fell from the position of world leadership.
Decades ago we could afford to send millionaires pension checks and pay medical bills for even the wealthiest among us. Now, we can't, so the dollars we have should be devoted to those who need them most.
The mortal enemies of Social Security and Medicare are those who, in contempt of the plain arithmetic, continue to mislead Americans that we should change nothing. The better course is to stop sending the wealthy benefits they do not need, and stop providing them so many tax preferences that distort our economy and do little or nothing to foster growth.
That means a dramatically simpler tax system of fewer loopholes and lower rates. A pause in the mindless piling on of expensive new regulations that devour dollars that otherwise could be used to hire somebody. It means maximizing on the new domestic energy technologies that are the best break our economy has gotten in years.
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The above quotations are from 2012 State of the Union address to Congress, plus the Republican Response and the Tea Party response: Jan. 24, 2012.
Click here for other excerpts from 2012 State of the Union address to Congress, plus the Republican Response and the Tea Party response: Jan. 24, 2012. Click here for other excerpts by Mitch Daniels. Click here for a profile of Mitch Daniels.
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