American governance won’t begin to inch forward until the political class faces basic facts.

American conservatives, particularly the fiscal variety, tend to hold up the European Union as a model of irresponsible, big-spending economic policy. But consider this: According to E.U. rules, member countries cannot maintain budget deficits above 3 percent of gross domestic product; nor can their total debt rise above 60 percent of GDP. As Veronique de Rugy points out in this issue, the U.S. budget deficit in 2009 was three times the E.U.’s limit, and total debt will zoom past the 60 percent threshold sometime this year. Washington makes Paris look frugal.

In March the federal government created the most expensive new entitlement in four decades, even as the bond rating company Moody’s Investors Service warned that debt levels could soon precipitate a downgrade in U.S. Treasury bonds. The main opposition party fought the bill by decrying “cuts” to Medicare, and it has kept itself at arm’s length from one of the few politicians talking seriously about long-term reform.

All of the following happened without the Fed, without a "hope" and "change" magician in charge, and without a Congress made up of "career" politicians who purchase their seats by promising to give away the hard-earned dollars earned by those who vote them into office. Can you imagine?

The Miracle of America

from

axes and hoes to high technology;

log cabins to air-conditioned condos;

horsedrawn wagons to autos, planes, and rockets;

scarcity to abundance; &

from tyrannical government rule to individual liberty

HOW DID IT ALL BEGIN?

Most of our history books don’t tell us that, in the beginning, the pilgrims established a communal economic system. Each was to produce according to his ability and contribute his production to a common storehouse from which each was to draw according to his need.

The assurance that they would be fed from the common store, regardless of their contribution to it, had a peculiarly disabling effect on the colonists. Taking property away from some and giving it to others bred discontent and retarded employment. Human nature was the same then as now, and before long, there were more consumers than there were producers, and the pilgrims were near starvation. Governor Bradford, his advisors, and the colonists agreed that in order to increase their crops, each family would be allowed to do as it pleased with whatever it produced. In other words, a free market system was established. In Governor Bradford’s own words:

“This had very good success; for it made all hands very industrious, so as much more corne was planted than other waise would have bene by any means ye Governor or any other could use, and saved him a great deall of trouble, and gave farr better contente. The women now wente willingly into ye field, and tooke their little-ons with them to set corne, which before would aledg weaknes, and inabilitie; whom to have compelled would have bene though great tiranie and oppression. . . . By this time harvest was come, and instead of famine, now God gave them plenty, and the face of things was changed. . . . and some of ye abler sort and more industrious had to spare, and sell to others, so as any generall wante or famine hath not been amongst them since this day . . . .” (Wm. Bradford, “Of Plimoth Plantation,” original manuscript, Wright & Potter, Boston, 1901)

Those who, today, favor central government planning, common ownership and redistribution of the earnings of others are advocating a system that Americans tried and rejected over 350 years ago. Their wisdom gave birth to the great American miracle!

(Excerpted from essay published by Stedman Corporation. More such materials may be found here.)

The policies being forced upon citizens today are plunging future generations into slavery to a political ruling class, all in the name of Marxist ideas which have failed wherever they have been tried. Only the ideas of liberty, encapsulated in the Declaration of Independence and structured into a limited government by the Constitution, can produce liberty and opportunity.

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