Home
In this issue
December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review July 27, 2011 / 26 Tamuz, 5771

The Road to Serfdom: More Debt, Less Leadership

By Paul Greenberg




http://www.JewishWorldReview.com | Looking for a clear, concise, simple explanation of why it's important -- indeed, vital -- to hold the line against raising the federal debt limit unless federal spending is cut at least as much? Then check this out:

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. ... Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

No, that isn't John Boehner, the Republican speaker of the House talking -- though it could be.

And, no, it isn't a budget hawk like Michele Bachmann, the congresswoman from Minnesota who's been making quite a splash in the run-up to the presidential primary in Iowa. Though it easily could be.

It's another of the country's leading politicians, though you'd be forgiven for not guessing which one.

It's Barack Obama. But he was speaking in March of 2006. Back then he was still talking sense.

But things have changed since then, or at least Barack Obama has. He's no longer a senator criticizing a Republican president and that president's overspending. Now he's president, and his overspending has far outdistanced that of George W. Bush's administration.

Those who grow accustomed to living beyond their means will soon enough find their means shrinking as their debt expands. Just as Sen. Obama was warning only five years ago. Five years in which the national debt has increased by more than half, going from some $9 trillion in 2006 to more than $14 trillion today.

But now he's eager to raise the debt limit still again. He brings to mind the teenager who, when told he's outspending his allowance, explains that he's not spending too much, it's just that his allowance is too small.

Since 2006, Barack Obama has discovered the joys of spending other people's money. How balance the budget? Just raise taxes on "the rich." Problem solved.

Not quite. One catch to that quick fix is that the rich, or at least their tax attorneys and tax accountants, their trust officers and estate planners, are sure to find still more ways to put their money into tax shelters -- rather than invest their capital in ventures that would produce a lot more jobs for the rest of us. And get this stalled economy rolling again.

Here's another problem with the Obama Panacea: At last report, the richest 5 percent of American earners were already paying almost 60 percent of federal income taxes, and the top 10 percent were paying 70 percent. How much more can government take without reducing the private sector, the real revenue-generator and jobs-producer of the American economy, to insignificance?

To use a metaphor as old as Aesop, how long can taxes on the largest incomes be raised without killing the goose that lays the golden eggs? How long can the highest earners be expected to bear so great a proportion of the tax burden -- and even more of it if this president has his way?

To quote Margaret Thatcher, the big problem with the tax-and-spend crowd is "they always run out of other people's money."

After a while, there just aren't enough rich folks to soak. While the high earners are paying a larger and larger percentage of income taxes, the bottom half of American taxpayers -- 50 percent -- pay only 2.7 percent of all income taxes collected.

There's something seriously askew with this picture. It indicates an imbalance that cannot be sustained indefinitely. Which is why the national debt has grown to an alarming level, and the economy is groaning under the burden of so much debt -- of just paying the interest on so much debt.

There will always be those politicians who think they've found a painless way to keep spending. Unfortunately, the pain is already being felt as prices go up and employment down.

But what, Barack Obama worry? He's got an election to win. And he knows that, responsible as cutting expenses and sharing the tax burden more equally might be, swallowing hard and exercising that kind of leadership will never be as popular as spending other people's money.

Paul Greenberg Archives

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR contributor Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette, has won the Pulitzer Prize for editorial writing. Send your comments by clicking here.

© 2010 Tribune Media Services, Inc.

Columnists

Toons

Lifestyles