Monday, October 29, 2012

Mugging our descendants

George Will
WASHINGTON – The election eve mood is tinged with sadness stemming from well-founded fear that America’s new government is subverting America’s old character. Barack Obama’s agenda is a menu of temptations intended to change the nation’s social norms by making Americans comfortable with the degradation of democracy. This degradation consists of piling up public debt that binds unconsenting future generations to finance current consumption.
So argues Nicholas Eberstadt, an economist and demographer at American Enterprise Institute, in “A Nation of Takers: America’s Entitlement Epidemic.” This booklet could be Mitt Romney’s closing argument…… “The growth of entitlement spending over the past half-century has been distinctly greater under Republican administrations than Democratic ones. Between 1960 and 2010, the growth of entitlement spending was exponential — but in any given year, it was on the whole over 8 percent higher if the president happened to be a Republican rather than a Democrat. … The Richard Nixon, Gerald Ford and George W. Bush administrations presided over especially lavish expansions of the entitlement state.”……. America’s ethos once was what Eberstadt calls “optimistic Puritanism,” combining an affinity for personal enterprise with a horror of dependency. Nov. 6 is a late and perhaps last chance to begin stopping the scandal of plundering our descendants’ wealth to finance the demands of today’s entitlement mentality.  To Read More….

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