As the progressives now in power in Washington continue to ignore the Constitution and increase taxes, regulations, and government control over the economy, the most maligned and beleaguered individual in the U.S. is the Entrepreneur. Millions of small business people are Entrepreneurs, and they create the most new jobs in America. Yet their very existence is being threatened by the increasingly draconian measures of the federal government. Unfortunately, this situation is guaranteed to get worse. Even before Obamacare was forced on Americans who were overwhelmingly against it, the United States was bankrupt. Its debt and unfunded liabilities (in excess of $100 trillion) are already double the wealth of all American corporations and citizens combined.
There will be no substantive cuts in spending as long as Barack Obama is in power. There will, of course, be a lot of political babble about cutting waste and fraud, but the real problems (such as Social Security and Medicare) will continue to go unresolved. These are the
“mandatory ” items in the budget that guarantee that no serious spending cuts will be implemented at least until 2012 — if then.
Washington will continue to tax and regulate the Entrepreneur, because he is the easiest target for the government’s insatiable appetite for expropriating money and increasing its power over both individuals and the free market. The Entrepreneur stands in the way of everything the progressive desires to achieve, because his methods are better, cheaper, and more efficient than the government’s.