- The Washington Times - Tuesday, April 24, 2012

Let’s say you have a beautiful house on the beach. Numerous structural engineers have warned you that the foundation is unsustainable without major structural changes, and that it is only a matter of time before a storm causes irreparable damage. Despite these warnings, however, you are preoccupied with cosmetic home improvements. You fix the lawn, paint and paper rooms and stack a few sand bags on the beach. Similarly, many economists have warned that the United States’ national debt is unsustainable and is leading us to ruin, but this warning continues to be ignored.

Alan Simpson and Erskine Bowles, co-chairmen of the president’s fiscal commission, warn us that economic disaster is imminent. They have told us the United States would already be like Greece and in financial free fall if not for our ability to create currency and the Federal Reserve’s unprecedented expansion of the money supply. They have said we are at best doomed to economic gloom because when debt equals or exceeds gross domestic product (GDP), economic growth stagnates at between zero and 2 percent.

With financial catastrophe approaching, President Obama has put forth consecutive budgets with deficits greater than $1 trillion. Fortunately, even Democrats cannot support the president’s proposals. Last year, Mr. Obama’s budget was defeated by the U.S. Senate, 97-0. Worse, this year his budget was defeated in the House 414-0.

Following in the president’s footsteps, the Democrat-controlled Senate has gone three years without fulfilling its constitutional responsibility to enact a budget. Senate Majority Leader Harry Reid, Nevada Democrat, has been unwilling to open the Senate floor to budget debate. Only the House has been willing to debate the debt issue, and Rep. Paul Ryan, Wisconsin Republican, has presented a plan.

Our president calls the Ryan-proposed budget a Trojan horse and an example of social Darwinism. Perhaps Mr. Ryan’s plan is imperfect, but it is, in fact, a plan. Let’s open discussion on the debt crisis.

Americans must suspend their faith in both reason and logic to believe Democrats can solve our fiscal nightmare, given that the Democratic Party will neither discuss nor put forward a plan.

MICHAEL FERREER

Ponte Vedra Beach, Fla.