For the past 25 years one voice has fought tirelessly to reduce congressional spending, often fighting members of his own party to do so. This is no small feat. Opposing the spending projects of your fellow members does not generally win you any friends. It touches on the issues most important to them and their individual records, bringing money to their district or their state. Only someone who can put the good of the nation as a whole ahead of the interests of his friends and colleagues, colleagues he needs in order to pass any legislation that he or she wishes to enact, will care to enter this fight. Few will win and even those who do win a few rounds will be easily tempted to back down in the long run. Yet in spite of the consequences, John McCain has fought spending with a remarkable consistency.
The issue is of primary importance. According to the Congressional Budget Office, if we do not curb the level of spending immediately, the only alternatives in 20 years will be to either double taxation while slashing spending by at least a half (and those projections assume a sustained level of economic growth) or to watch our dollar become worthless abroad and soon after at home, as few will want to save, trade and invest in a currency considered to be of little value worldwide.
The Director of the Congressional Budget Office is equally open about the fact that no member of Congress will do anything about this matter until people realize the necessity to act. Few politicians want to embrace unpopular positions like huge rollbacks and caps on spending. That’s the difference between them and leaders. Leaders work for five, ten, twenty years to alert the public to important realities and awaken their hearts and minds to problems and propose solutions that have little support before the public realizes their need. When it comes to the all important issue of wasteful spending, an issue that can mean the difference between continued growth and expansion or economic collapse, John McCain is such a leader.
Remarkably, his battles against pork and pork’s favorite barbeque chefs on both sides of the congressional aisle, haven’t tarnished his ability to work with members of congress. Though a lesser man would have alienated himself from members of both sides with his steadfast campaign against their habits, John McCain’s sincere devotion to this cause, his steadfastness and his reasoned approach to all other issues have earned him a level of respect and cooperation from members of both parties than most senators can ever hope to achieve. The fight against spending is simply another battle the scars of which John McCain wears well.
Even more than the need to cut spending is how we go about doing so. John McCain deserves much praise for the way he’s gone about this as well. McCain recognizes the need to invest in education, that every dollar spent on it is of immeasurable benefit to society. From a purely economic standpoint, in the long run funding education saves much more on fighting crime and a whole host of societal problems that correlate with low education. Educational funding also gives our nation’s children the ability to harness opportunity and develop new products and services that will both better society and keep us economically strong.
John McCain favors a reasoned approach to spending. While he wholeheartedly supports funding education, the military and our intelligence community that are absolutely crucial to our safety in dangerous times, with equal passion he opposes wasteful spending and unnecessary projects that favor a particular region or special interest. It is these projects that have the potential to cripple the economy and eventually lead to funds being drying up, even for needed projects. To protect our education, economy, safety and security, we need to act now.
The national debt is out of hand and we cannot continue to borrow money forever. We are closer than almost anyone realizes to losing our current credit rating and to having our debt turn to junk bond status. The United States has maintained a triple A bond score since 1917, but this year Moody’s attached an asterisk to the rating, a note of caution. The Congressional Budget Office worries about a real decline in rating. This is all thanks to the reckless spending of both parties. There’s one candidate who’s willing to do something about it. His name is John McCain and he’s been fighting ruinous pork barrel spending for over 25 years.
This is one of the reasons I suggest that entrepreneurs and all who care for the nation’s economy support John McCain for President. He understands the need to invest in education, defense and technology and brings concrete solutions to the table as opposed to empty platitudes. But most of all, his career-long battle against reckless spending shows him for the man of integrity, sound judgment and leadership that he is.