Spending

America Is Ours To Lose

By Bob Giuda, on Apr 22, 2010

America spends tens of billions of dollars each year on a "war on drugs", even as the Obama Administration endorses Afghanistan’s continued production of 90% of the world's opium. Despite the perpetual “war on drugs”, you can find a ready supply of heroin and other drugs in any town, city, school or prison in America.

We borrow billions of dollars from China to fight a war in Afghanistan.

We spend lives and money trying to establish democracy in a place where tribal warlords oppose it and the absence of a middle class cannot sustain it.

Repealing ObamaCare – a Flight of Fancy

By Bob Giuda, on Mar 24, 2010

Some federal candidates are appealing to the sweeping populism and public anger resulting from the passage of ObamaCare with pledges to “Repeal the bill!” if elected.  While such “chest thumping” sounds impressive and feels good, the simple fact is that repealing ObamaCare is not going to happen. Here’s why:

Repealing ObamaCare will bring a swift Presidential veto. Over-riding that veto will require a 2/3 of both the U.S. House and Senate. Public outrage or no, while it is possible to regain a simple majority of the Senate, it is statistically impossible to gain the 2/3 needed to override an Obama veto.

Reactionary battle cries like “Repeal!” sound and feel good But they will not produce a legislative outcome. Given the enormity of the Constitutional and economic danger in which our nation finds itself, this is a time for careful legislative action to deliver the outcomes we must achieve.

The Undoing of a Nation

By Bob Giuda, on Mar 17, 2010

Our Founding Fathers gave us a brilliant system of government that requires three things:  personal responsibility, individual liberty, and economic freedom. Over the course of the past 100 years, we have witnessed a dangerous erosion of these critical elements.

Erosion of personal responsibility comes in the form of entitlements and apathy. Entitlements foster dependency on government, toxic to the human spirit. Who can be free when their sustenance depends on the government? And apathy has disconnected the majority of Americans from self-governance, allowing special interests to control both the political agenda and the political process for decades.

Dependency or Freedom?

By Bob Giuda, on Jan 31, 2010

If you want to recover from an economic meltdown, you don’t send hundreds of billions of dollars to the banks that caused it. You don’t spend it paving highways and buying used cars. You don’t shield the Fed from accountability. And you don’t call it “The American Recovery and Reinvestment Act.” It wasn’t an act. It was an outrage.

Congress and the Administration ignored the American people, wasted $1 trillion on a failed “Stimulus Package”, and quadrupled the federal deficit in 1 year. Then they blamed the last Administration for the bailout debacle while using the remaining monies as a political slush fund.

Round One!!

By Bob Giuda, on Jan 14, 2010

With a clean sweep in Tuesday’s special elections, the people of New Hampshire sent a clear message that the wild spending spree in Concord and the massive expansion of state government are not acceptable. The 26% increase in state spending passed by the Democrats over the past two budgets has produced a $450 million deficit. Dozens of new taxes, fees and fee increases passed by the Democrats, and signed into law by Governor Lynch, are wreaking havoc with our businesses and have ruined our once-renowned business climate.