War on the American Dream: Sapping America's Potential
- Stimulus: The American Recovery and Reinvestment Act
(ARRA) of 2009 significantly grew the size and scope of government,
doubling the size of federal agencies--including Education and
Energy--and moving America toward a government-mandated health care
system, all while placing future generations further in debt.
- SCHIP: The State Children's Health Insurance Program was
recently expanded to include wealthy adults in a government health
care program designed for low-income children. The expansion is
funded by a tobacco tax paid for predominantly by the poor and
dependent on future smokers.
- Health Care: President Obama has made a significant down
payment on a national health care plan that would force millions of
Americans out of their private plans and into a government-run
monopoly, providing lower quality care at a higher price to
Housing: The Helping Families Save Their Home Act of
2009 actually destabilizes neighborhoods by allowing bankruptcy
judges to unilaterally renegotiate your neighbor's mortgage
principal and interest rates, causing an unstable mortgage market
and incentives for individual bankruptcy.
- Welfare: The stimulus bill abolished the welfare reform
under President Clinton, adding nearly $800 billion in new
means-tested welfare spending over the next decade. The cost
amounts to over $10,000 for each family paying income tax.
- Land Use: President Obama wishes to impose federal
"smart use" regulations on local zoning, housing, and
transportation laws so American cities will be developed by his
standards, causing housing prices and foreclosures to
- Card Check: The Employee Free Choice Act (EFCA) would
eliminate the secret ballot in union organizing elections and
create a federal arbitration board made up of bureaucrats in
Washington who will tell private businesses how to operate.
- Auto Bailouts: After nearly $100 billion of taxpayer
dollars has been distributed to two automakers, neither company is
recovering. Meanwhile, the President and Congress dictate which
cars they must build and who runs the companies.
- War on Paychecks: After fewer than 100 executives at AIG
collected excessive bonuses for poor work, Congress retaliated by
passing a bill that would eliminate bonuses for thousands and set
broad-based wage ceilings. But the President did not think it went
far enough, adding that the government should regulate wages
The Exit Strategy
- Equal Opportunity: Citizens need to be free to choose
health care programs that match the congressional plan--and not in
name only. Employees need to be just as free not to form a
union as to form one, and employers need to be free to offer
reasonable compensation not dictated by Washington
- Empowered Americans: Washington needs to let Americans
keep more of their money. By cutting individual and business taxes,
Washington will allow businesses to flourish and individuals to
succeed. Families will always invest in their own future better
than Congress will for them.
- Building U.S. Energy Choices: Washington should allow
free enterprise to diversify our energy mix. Nuclear, solar, wind,
coal, and biofuels should all have a place in keeping energy prices
low while reducing environmental impacts.
- Protect America: Through a strong missile defense
program and a 4% baseline for defense spending, we can protect
America and be free to project global leadership while minimizing
our vulnerability to attack.
For more information on returning
freedom and power to the people, please visit: http://blog.heritage.org/2009/04/09/war-on-the-american-dream-sapping-americas-potential.