With the fifth column support of three Republicans, the U.S. Senate just passed President Obama's eight hundred billion dollar liberal spending package. Next step, House and Senate negotiators will attempt to reconcile the bills (and quite possibly add more to the price tag in the process).
This spending plan is little more than a major redistribution bill financed by the national credit card. As a coblogger at another site where I write wrote:
Obama, Pelosi, and the other Democrats selling this plan are focusing only on the gains certain parties will see. No one is talking about where the wealth to fund this package will come from. Notice I said wealth, not money. While it is easy for the government to conjure money out of thin air, it cannot do so with wealth.
So, where will the wealth for this come from? It will come from you, me, and anyone else who holds US dollars. All our wealth stored in dollars will be diminished via the inflation tax. Those who have saved, invested, and otherwise sought to provide for themselves in the future will be punished. These are the people who have provided economic stability and prosperity for the nation for two centuries.
In addition, the productive workers of the future will also be punished, as they will be the ones paying back the interest on the wealth redistributed. The current generation of people under 35 will spend their entire working lives paying the price for the excesses of the Obama stimulus plan.
This plan is a declaration of war on those who produce wealth and live responsibly, now and into the future. Who must suffer so others may profit? We do.
Matt Drudge seems to agree with the distinction between wealth and money, as he posted Monopoly money on the top of his website yesterday.
It's quite fitting that the cover story for Newsweek makes this bold declaration: "We Are All Socialists Now."
There may be times, on relatively minor issues, where some level of compromise is a reasonable political and legislative solution. Where that line should have been drawn in the past is no longer relevant; it's time for Americans to take as strong a stand against domestic socialism as we took again the Soviet Bloc during the Cold War.
"Freedom is never more than one generation away from extinction," said Ronald Reagan in 1961. "We didn’t pass it on to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children what it was once like in the United States when men were free."
The eventual direction the right will choose is still up in the air. Will they continue to compromise core values for the sake of winning the next election or will they band together to fight the much tougher battle so we don't have to explain to our children what freedom means?