|Wall Street Journal Op-ED/ The republic cannot survive so much dependency|
By Rep. Allen West
WASHINGTON (MarketWatch) — Gov. Mitt Romney's comments about the percentage of Americans who have grown economically dependent on the government for their sustenance, and as a result, see little benefit in changing course, is neither new nor outrageous.
More than 170 years ago, the French political thinker and writer, Alexis de Tocqueville saw this coming, and warned of its dangers in his most famous writing, Democracy in America. Here is an excerpt below:
Rep. Allen B. West, R-Fla.
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship." [Very fitting for Obama's future plans?!]
Our public treasury cannot sustain further "largesse." Our national debt has ballooned to more than $16 trillion. The top 25 percent of wage earners contribute 87 percent of all tax revenue and it is numerically impossible to tax them sufficiently to pay for this expansion of federal government – let alone pay down our debt. For another viewpoint, read Rex Nutting's column on the 47%.