Individual assuming responsibility
Many Americans believe that the government can solve people’s financial problems created by the Great Recession.
The siren calls of President Obama and the liberal congressional
Democrats promise to ease their economic pains by having the government
provide a blanket safety net insurance policy for all that may go wrong.
Like any insurance policy, this safety net insurance policy comes at
enormous costs. The upfront economic costs include higher taxes to fund
larger government and the redistribution of income. The long-term costs
include economic stagnation and the loss of individual freedom.
With the power of the purse, the politicians and government bureaucrats impose economic serfdom on Americans by deciding what is good and what is not good for the individual Americans.
The system works because individuals assume responsibility for themselves. If there is no incentive to benefit from the fruits of your labor or disincentive to suffer from indolence or risky behavior, why bother working at all? So that others may benefit? Most people are not built that way.
Armstrong Williams is on Sirius/XM Power 169, 7-8 p.m. and 4-5 a.m., Monday through Friday. Become a fan on Facebook at www.facebook.com/arightside, and follow him on Twitter at www.twitter.com/arightside.
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