Wisdom From A Rocker

Ted Nugent’s an icon out there; what he can do with the Gibson most only dream of. His 6000th concert was in 2008; 30MM records and he’s still going strong. There’s many who claim these music types are a hopeless lot, that they’ll never learn, a burden of the rest of us. Certainly PP&M lend credence to that theory, but then again Baez gained an anchor and in spite of the company she kept. Nugent never had that problem - he had a grip from the get go.

Ted writes in today’s Washington Times. He demonstrates a keen grasp of the US financial situation, showing evidence of scholarship that perhaps only those of us who have taken the effort really appreciate. He reminds us at the beginning that when you’re in a hole, stop digging. Nugent notes that we are in hock to the tune of $14 trl (maybe $100trl if Medicare, Medicaid and S Sec are included). “This gigantic level of borrowing and spending is unsustainable by any measure, by any means,” Nugent explains. “The only real reason Fedzilla would do such a thing would be that those currently in charge want to destroy America and turn us into a Third World nation.”

Well, not sure we can agree that the average Democrat actually understands that by their vote they are destroying America; most are blissfully ignorant of the policy implications. The hard core - Obama and his type, yes, they are out to destroy a way of life, certainly that is so.

Nugent continues, “America is in a deep financial hole. Obama’s solution to this hole: Keep borrowing and spending. Dig, baby, dig. We shouldn't expect anything different from a president and administration who don't have a clue about how private industry works or how Fedzilla's policies stifle growth. At least from my research, I still can't find anyone on the president's closest team who has actually started a successful business. I can however find Che Guevara and Mao Zedong fans. Phenomenal.” Indeed.

Nugent may not be the world’s best writer but he does have the bull by the horns - accurate and direct. For support he quotes Erskine Bowles who heads BO’s debt commission, who told the National Gov’s Assoc the other day that, “This debt is like a cancer. It is truly going to destroy the country from within.”

Nugent’s solution: “The very first thing we need to do is elect a fiscally conservative House and Senate this fall to serve as a dam against the Fedzilla tsunami of spending. Then we need to hold them accountable. We need tax relief across the board, from businesses to individuals. Nothing will get the economy moving faster than keeping money in the hands of American businesses and people who earned it. America should have the most pro-business tax structure on the planet. We do not. My home state of Texas has the best economy in America. Interestingly, Texas has no corporate income tax, capital-gains tax or personal income tax. Don't tell me that reducing taxes across the board will not put people back to work.”

Well put Ted.

Robert Craven