by John McClaughry
Last Monday Vermont Digger released a “special report” on how the conservative Heritage Foundation is pushing its agenda of less government to the Trump administration. .
Why, yes, that’s what think tanks do, on all sides of the political spectrum. Heritage pioneered this with its 1980 Mandate for Leadership, that influenced the Reagan administration.
Reporter Jasper Craven writes breathlessly that the Heritage budget plan threatens “air quality, education, free lunch programs in schools, road maintenance and more. Rural farmers and businesses would lose access to grants and loans, and job training programs would dry up. Taken in total, the cuts would fall the hardest on the state’s most vulnerable. As for the leaders at the Heritage Foundation, the cuts would fulfill major pillars of the organization’s core mission: Reduce the national debt and the role of government.”
What escapes Craven is that his friends on the Left have no idea whatever about how to curb the rapidly rising national debt, at least beyond confiscating as much of the wealth of the unworthy rich as possible before they move away.
The ratio of Federal debt owed to the public – now approaching $20 Trillion – to Gross Domestic Product went from 63% at Obama’s inauguration to 105% today – well past the danger benchmark for governments heading toward insolvency.
To borrow a term from the terror-stricken Left, this is completely unsustainable, as our children and grandchildren are bound to discover, probably sooner than later.
- John McClaughry is vice president of the Ethan Allen Institute.