Monday, March 29, 2010

I hope you're right, Larry

I agree with what Larry Kudlow writes in this blog post about freedom of contract.

But I don't know that he necessarily has a basis for being so bold as to say "Republicans have clearly become the party of the private sector."

Many of us hope that that is the case. But it's one of the big unanswered questions going into the 2010 and 2012 elections. The Republicans' record, when they controlled the political branches of the federal government from 2003 to 2006, is not encouraging in that regard.

The 2003 Medicare expansion wasn't Obamacare, but it was a giant step in the wrong direction, right at the time we should have been preparing for the demographic time bomb that will soon hit the FDR and LBJ Ponzi schemes. We need to, at the very least reduce, and ideally phase out, Medicare and Social Security in their current form.

George Will provides a good summary of that situation, in case by some chance you might need a reminder.

I'd like to see this question asked of Republican candidates at every opportunity: will you indeed be the party of the private sector when you're back in power?

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