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A Declaration about America’s Fiscal Crisis

A Declaration about America’s Fiscal Crisis
By: Janice Shaw Crouse, Ph.D. - 6/27/2011

EXECUTIVE SUMMARY

The outcry over deficit spending and the rapidly escalating national debt is reaching ear-piercing levels. Everyone but the Obama Administration seems to understand the fiscal crisis facing the nation. In a recent article in Time magazine, Yuval Levin wrote, “The problem’s scale is daunting. At more than $10 trillion, our debt has doubled in the past five years and will double again by decade’s end. By the early 2030s, it will be roughly twice the size of our entire economy (far larger than the largest national debt in our history, right after World War II) and still growing out of control, gravely threatening future growth and prosperity.”

We hear dire warnings about the economy from every corner of the nation – economists, Wall Street, fiscal analysts, legislators, civic leaders, investment brokers, and financial commentators in the media. No wonder; a quick look at various aspects of the economy reveals a dark forecast. The housing industry continues to tank, with foreclosures up, more homeowners “underwater” and prices falling. Unemployment is at 9.1 percent and the misery index is the highest it has been in 28 years. Negative whispers questioning the viability of the American economy have turned into wails of despair and the public’s approval of the President’s handling of the economy continues to drop &madash; the latest Gallup Poll reveals that only 20 percent of Americans are satisfied with the way things are going. Worse, the latest CNN poll reveals that nearly half of all Americans say they fear America is on the verge of another “Great Depression.”

When he retired from Congress after 30 years of service, Sen. Judd Gregg (R-New Hampshire) warned that if the nation did not “address its staggering debt” we would face an “inevitable fiscal meltdown.” Now, economists and financial analysts agree: The current national fiscal crisis is devastating to the future of America.

The President’s spending policies and over-regulation have led to continued high levels of unemployment and underemployment, threaten the loss of essential Constitutional freedoms, and now have put the economy on the brink of disaster. In addition to the exorbitant price tags on President Obama’s spending bills and the accompanying bailouts, those efforts are based on unrealistic utopian views, among them that action by big government can solve every problem and that more government programs can somehow substitute for a father providing for his family. The current administration clearly believes that bigger government can meet every need and that the federal government is best equipped to make decisions that affect all Americans — thus, the President’s health care reform legislative monstrosity was rammed through Congress in spite of overwhelming objections from the public and unified opposition from the other political party.

Concerned Women for America (CWA) believes that America’s best days could be ahead of us; that is why we are weighing in on this issue. Our 500,000 members believe that the only way out of this fiscal crisis is to go back to those historically-proven, time-honored principles that are the foundation of this great nation and the ideals on which the most prosperous nation in history has flourished: individual freedom and responsibility, competition, opportunity, determination in the face of adversity, and a can-do attitude that leads to setting and reaching goals through hard work and personal accomplishment. Guided by these principles and ideals, the nation can come back from the brink of fiscal peril.

A recent Public Notice poll found that a majority of voters want Congress to accept its responsibility to tackle the spending problem that is threatening the nation’s economic stability. CWA stands with the American people in calling for Congress to get the nation’s “fiscal house in order.” To that end:

CWA OPPOSES tax increases and any measures that would weaken the U.S. military, threaten national security or undermine national sovereignty.

CWA SUPPORTS “Cut, Cap and Balance.” We support curtailing entitlements. We support reversing government expansion. And we support repealing ObamaCare.

Concerned Women for America reminds legislators that the nation’s women are very concerned about the fiscal crisis and want to see principled, courageous action to reverse the crisis and bring back the kind of financial and economic stability that propelled America into the world’s superpower. Accordingly, we ask Congress to make the hard choices necessary to stop the reckless pattern of spending and get the nation back on a sound fiscal foundation by balancing the federal budget while maintaining pro-life protections in our current spending. Specifically, CWA opposes any additional spending without a plan for cutting the size of government and balancing the budget within five years. We reject any and all tax increases that will cripple families, devastate the economy and consolidate more power in government. We support the “Cut, Cap, and Balance” initiative as the best way to stop the cycle of endless deficits.

Get the whole report it in PDF: The CWA resource, “A Declaration about America’s Fiscal Crisis” is also available for the Web via Adobe Acrobat. The Acrobat Reader is available for free by clicking the button below.

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