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Thursday, September 6, 2012

The Che Convention

Peter Ferrara
The most left-wing Democrats in American history have gathered in Charlotte.

The Democrats open their national convention this week under dark storm clouds of left-wing extremism. This is not your father's Democrat party. George McGovern would be a right winger at this convention.

The party meets to renominate Barack Obama, the most left-wing nominee and President in U.S. history, a self-identified Marxist with a long professional record of associating with Marxist and left-wing extremist individuals and organizations, if you read his autobiographies. If you disagree, or know someone who disagrees, the answer is read what the man himself has written about himself.

I won't repeat that history of associations here because it is old news and would take way too much space to do it justice. It is a matter of public record, and not a matter over which reasonable people can differ.

The Che Guevara Democrats
But it is not just Barack Obama. The repeatedly reelected leader of the Democrats in the House is Nancy Pelosi, from an ultraliberal San Francisco district where the voters have long since stopped thinking and just vote Che as a matter of style. There are many more like her in the Democrat caucus, from similar districts. The soul of the House under Pelosi's leadership is the Congressional Black Caucus, which features openly socialist representatives from inner city urban districts where the only political competition is between left and lefter. These members have replaced the Southern conservative Democrats of a generation ago as the most senior members of all the important committees. That marks an enormous difference from the Democrat party of the 1970s, further reflected in the complete collapse within the party of conservative Democrats.

Check out too the states where Democrats are in full, uncontested control, such as California and Illinois, which resemble Greece in fiscal, financial matters. In California, still more tax increases are on the ballot for this fall. In Illinois, after raising taxes on "the rich," and on business, surprise, revenues are running short of projections, and deficits continue.

Or check out the political leadership of the major urban centers where Democrats also reign in full, uncontested control, such as Los Angeles, San Francisco, Seattle, Detroit, New York, Philadelphia, Baltimore, Chicago, Miami. A couple of these have rational mayors, but check out the city councils, the aldermen, the lesser elected officials. The debate in these political jurisdictions is as left wing socialist/Marxist as in any other jurisdiction in the world.

The grassroots spine of the party is the public employee unions, the SEIU, the teachers unions, AFSCME. This makes America's Democrat party of today reminiscent of the British Labour Party of yesterday. Then there are the environmental extremist groups seeking to repeal the industrial revolution. You can see their handiwork in the deindustrialization of California, for example, even the rollback of agriculture in the state. In the next administration, you will see national economic statistics published without California, to understand the dominant national trends in the parts of the country that are still trying to be prosperous.

Then there are the social liberal interest groups, the gay rights groups, the pro-abortion groups, the transgender alliances. And, of course, the openly leftist student activist groups that Obama plays to, and Occupy Wall Street, which seems to have been the Democrats' bid for a brown shirt group to start a riot. Remember Pelosi endorsing them? But it didn't fly with the broader public so they seem to have backed off.

This is the heart and soul of the modern Democrat Party. And it is thoroughly Che.

The Biggest Government Spender in World History
You can see this increasingly flipped out Democrat party in Obama's left-wing Presidency and reelection campaign. The numbers show that President Obama is the biggest government spender in world history. He proposed in his 2013 budget released in February to spend $3.8 trillion in fiscal 2013, which starts next month, an all-time world record for one year of government spending. For 2022, he proposed spending $5.820 trillion, an increase of 53%, another world record. For the next 10 years, the President's own 2013 budget proposes to spend $47 trillion, the most in world history by far. President Obama cannot say George Bush made him propose all that record shattering spending!

Obama's runaway spending spree is so left-wing it makes Franklin Roosevelt look like a Republican. The most Roosevelt ever spent in one year (during peacetime) was 10.7% of GDP, at the height of the Great Depression. Over Obama's four years of office, federal spending has averaged 24.4% of GDP. Since World War II, up until Obama, federal spending actually was fairly stable around 20% of GDP. But Obama and his Che Guevara Democrats have already broken through that consensus, raising federal spending by about one fourth.

CBO further projects that on our current course, under current policies, federal spending soars absurdly, to 30% of GDP by 2027, 40% by 2040, 50% by 2060, and 80% by 2080. Add in another 10% to 15% for state and local government spending, and we will have smashed right through Swedish socialism, all the way to full blown communism, where the government takes and spends everything. You see what I mean by Marxism?

Yet, President Obama refuses to consider any entitlement reforms to gain control of that bankrupting spending. Instead, he rammed through Obamacare in his first term, which adopted or sharply expanded 3 new entitlement programs, only adding fuel to the fire. Then he ridicules Paul Ryan's efforts for the fundamental entitlement reforms that would make a difference, so carefully designed that no one would be hurt. In fact, Ryan's Medicare reforms would be better for seniors than Obamacare's Medicare, and Ryan's Medicaid reforms would be better for the poor than Medicaid under Obamacare, just as all of Ryan's reforms to welfare entitlements would actually benefit the poor.

As a result, CBO also projects that on our current course, under current policies, the national debt held by the public would rocket to 140% of GDP by 2030, 220% by 2040, and 320% by 2050, on its way to over 700% by 2080. That is a roadmap to a Grecian-style sovereign debt crisis, which would arrive long before that, unless we change leadership, and change course.

Note, those projections of skyrocketing national debt include the Obama tax increases discussed below, which are already enacted in current law and included in current policies. But CBO does not accurately account for them, as sharply raising taxes on the most critical and productive economic actors, the nation's job creators, investors, and successful small businesses, will more likely lose revenue rather than gain it. Indeed, if those tax increases do throw the country back into recession, as argued below, federal revenues will collapse again, and federal deficits and debt will soar further.

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