From Chuck Colson at Prison Fellowship Ministries.
Last week I opened the New York Times—and read one of the most powerful ads I’ve ever seen.
The ad was paid for by the Peter G. Peterson Foundation. I had the
privilege of working with Pete Peterson when we were in the White House
together—he’s a shrewd guy who became Secretary of Commerce and made a
small fortune in the financial world. That small fortune he’s now
spending to educate the American people. His message in the
advertisement was a heroic call to Americans to take over the political
process before it’s too late.
In his two-page ad in the Times, Peterson outlines the
problem facing the American economy: “As disruptive and damaging as
today’s mortgage sub-prime crisis is,” he warns, “We’re looking at a
“super sub-prime” crisis, which, if left unaddressed, will hurt many
more Americans—and hurt much worse.”
Among many inconvenient truths: “Each household’s share of the
nation’s $53 trillion debt is $455,000—almost 10 times the median
household income. This is unfinanceable!” he clearly warns.
Vital research and development, infrastructure, and children’s
programs are already getting squeezed, Peterson writes; “We cannot grow
our way out of the problems or solve them simply by cutting earmarks
and pork-barrel spending.” We could do these things, plus cancel the
Bush tax cuts, end the wars in Iraq and Afghanistan—and we would still
be only 15 percent of the way to solvency.
Peterson has a few hard questions to ask our presidential
candidates. How, for example, do they plan to slow the rate of growth
in health care costs that threaten to bankrupt America? How will they
encourage the country to save more and reduce our dangerous dependence
on foreign lenders? And he wants to know if they support a bi-partisan
commission to review everything on the table and make recommendations
with a guaranteed up-or-down vote by the next Congress.
Congressman Frank Wolf, my friend, has proposed such a commission,
called SAFE—which I’ve talked about on BreakPoint before. It would
examine all entitlements, identify what we can afford—and slash what we
cannot. The commission would submit its proposals to Congress for an
up-or-down vote. (The only changes permitted would be those that leave
the long-term budget impact unchanged.)
Peterson is correctly warning us that no political promise is going
to solve our problems. The only thing that will solve it is Americans
being willing to accept a whole new way of life. We need to be willing
to share sacrifices and make very tough choices. No more politicians
promising to socialize everything, which will simply make a horrific
problem even worse.
If you visit our website, BreakPoint dot org, you can find the link to the New York Times ad. I urge you to read it, sign the petition, and invite your friends to do the same thing.
Our leaders need to sober up. The sad truth is, they will only do so
if we force them to. A grassroots campaign to support SAFE would be a
very good start—in fact, the only plan that has any chance of solving
this horrific problem.
We have to take back our government—and put America on its feet
again. If we don’t, our children and grandchildren will pay the price
for generations yet to come.
Posted at 10/15/2008 5:14:02 pm by
David Bryant
Permalink