U.S. deficit grows out of control

For more than 230 years, the United States has achieved remarkable prosperity and freedom that has been unparalleled in human history. The economic success of our nation has stemmed from the entrepreneurial spirit and ingenuity of the American people. The ability of anyone with a new idea to start a business and hire workers has fueled the economic engine of our nation and created jobs.

Unfortunately, in recent decades, the paradigm has changed. Washington politicians seem convinced that the federal government is more efficient at “creating” jobs than private businesses. What they also seem to forget is that we pay for government jobs through our tax dollars when the government creates new programs and hires new bureaucrats. The result is an overbearing federal government and a deficit we can’t pay for.

As the Obama Administration releases the budget for 2011, the projected deficit for the current fiscal year is an astounding $1.6 trillion. In total, the U.S. national debt is around $12.3 trillion. This number doubled under President George W. Bush and has since exploded under President Barack Obama, who has spent more than $1 trillion in a failed attempt to reduce the unemployment rate.

If you’re ever wondering who is going to have to pay the bill just take a look around the laboratories and lecture halls on campus. It is our generation that will have to cope with the astronomical deficit through higher taxes and reduced economic freedoms.

The question we should be asking ourselves is who do we trust more to create jobs? Is it the federal government or the American people? Uncle Sam’s record is less than impressive: most any government program you can think of is bankrupt or well on its way to bankruptcy.

Many years ago, President Ronald Reagan said, “No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we’ll ever see on this earth!” While clearly told as a joke, its significance is timeless.

Let’s not forget what happened in Massachusetts in January, when Scott Brown, a conservative Republican, won Senator Ted Kennedy’s old Senate seat. The outcome of this race defied all logic and reasoning in the current American political landscape, but also has an underlying message. If this is what happened in liberal Massachusetts, I can only imagine what’s going to happen across the rest of the country in November.