The government is no longer functioning adequately.
We can't enforce our immigration laws or protect our borders. It has also been painfully obvious for decades that Social Security and Medicare desperately needed reforms, yet nothing was done.
Although one of the irrefutable roles of government is to build and maintain the infrastructure, our roads and bridges are in an appalling state of disrepair, despite the fact that spending at all levels of government has never been higher.
The US has more fossil fuel natural resources than any other country in the world yet we import more than 60 percent of our oil. The list goes on and on.
The truth is that there has been political consensus on very little over the last several decades. Instead of making hard choices about how to allocate our resources, the government has simply elected to appease everyone and just print money. (We can have a massive entitlement state and wage war whenever we want and achieve strong economic growth ect.).
But, the timeline on this way of doing things is running out as our debt and deficits are ballooning to unsustainable levels.
Quite simply, the country must make a choice. And this choice hinges the question of self reliance. Is this a country primarily of free individuals that fend for themselves or mostly a group of people dependent on the government?
I believe in helping people to help themselves. But, it seems increasingly obvious that this administration is about helping people rely on the government instead. For example, it supports expansion of food stamps and unemployment benefits while shunning policies that would promote private sector employment.
The old formula was that the overwhelming majority of Americans can find work and make a living without help from the government. But, for those who can't support themselves, for whatever reason, there is a government backstop. The needy could get a helping hand and people who falter temporarily can get help to get back on their feet.
While the government provided a safety net, the ideal was that the more people who could provide for themselves without any government assistance the better. It is precisely this notion that is under assault.
Promoting self interest rather than the country's best interests, many liberals have been actively engaged in deliberately swelling the ranks of the non self reliant. Indeed, politicians have been absolutely training people to look to the government first to solve their problems. These politicians are purposely attempting to move people from the self reliant side of the ledger to the non self reliant side of the ledger.
The idea is that by increasing the ranks of the dependent, a critical mass will be tipped. The non self reliant will outnumber the self reliant and vote in big government liberals who will "fundamentally change" this country to a big government entitlement state that bears little resemblance to the America of our past.
Perhaps their motives are noble, to help those who can't help themselves. But, by eagerly helping those who can help themselves, these politicians are transforming this country.
We are at the tipping point. The next election will likely decide what kind of nation we will be in the future. The decision the country makes next year is the ultimate catalyst for the markets. Investment decisions must be made with this understanding and, depending on the results, the market will have vastly different alternative futures.
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