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IPFS News Link • Voting and Elections

November’s choices -- tough to support either Romney-Ryan or Obama-Biden

• By Judge Andrew P. Napolitano
 President Obama has begun to show his hand at private fundraisers and in unscripted comments during his campaign. And the essence of his revelations is dark. His vision of a shared prosperity should frighten everyone who believes in freedom, because it is obvious that the president doesn’t. He believes the federal government somehow possesses power from some source other than the Constitution that enables it to take from the rich and give to the poor. He calls this “a new vision of an America in which prosperity is shared,” and he declared, “If you've got a business, you didn’t build that. Somebody else made that happen.”

Today in America, nearly half of all households receive either a salary or some financial benefit from the government; the other half pay for it. In Obama’s vision for America, no one will be permitted to become too rich, no matter his skills and hard work. He somehow believes that government seizures and transfers of wealth generate prosperity. We know, of course, that the opposite occurs. Seizing wealth through taxation removes it from the private sector for investment. That produces job losses and government dependence on a massive scale.

The federal government has a debt of $16 trillion. We have that debt because both political parties have chosen to spend today and put the burden of paying for the spending onto future generations. The debt keeps increasing, and the feds have no intention of paying it off. Every time the government has wanted to increase its lawful power to borrow since World War II, members of Congress and presidents from both parties have permitted it to do so.

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