The Obama administration and the Federal Reserve want to fix the United States economy by spending more money. But while that approach might work for Europe, it is risky for the US. The nation would be better off embracing traditional American values like self-reliance and small government.
There’s no question about it: The 20th century was America’s era. The United States rose rapidly from virtually nothing to become the most politically powerful and economically strongest country in the world. But the financial crisis and subsequent recession have now raised doubts about its future. Are we currently witnessing the beginning of the end of the American era?
It’s time for a new Constitutional Convention.
Or, it’s time to pare the Federal Govt back to those powers and responsibilities delegated to it by the current Constitution. How do we do that? No easy path, but a Constitutional Convention would not be easy either. Would not the same self-serving forces that have corrupted the current Govt not also work to corrupt a well meaning convention?