Greece’s government liabilities total almost nine times the nation’s Gross Domestic Product (GDP). The mighty USA doesn’t compare, right?
Not
so fast. Including Social Security and Medicare, U.S. government liabilities total
five times America’s GDP. The day when investors refuse to lend to the U.S.
draws closer. The subsequent decline would hurt the poor most.
We’ve
had enough of political professionals who know about government and not much
else. Senators should be limited to a single term and House members to two
terms.
When
a constituent says, “If you don’t vote for such-and-such government benefit, I
will vote to remove you from office,” the legislator can respond, “That’s okay;
I’ll be leaving soon anyway.”
Limiting
legislative terms reduces the pressure to appease interest groups. Legislators
can focus on the nation’s long-term interests, like big-time cuts in government
costs, especially entitlements.
Bill
Buckley said he’d rather be governed by the first two-thousand names in the
Boston telephone directory than by the two-thousand faculty members of Harvard
University.
Buckley
was dead on, although all such selections should be subject to short term
limits.
