Now that the war in Iraq has been successfully prosecuted, it's time for each of us to focus on another, equally successful war in which we are engaged. It's President Bush's War on Prosperity, which since its beginnings in January 2001 has been amazingly efficient in achieving its goals.
Just as our brave fighting men and women eliminated the threat of Saddam Hussein and captured his many weapons of mass destruction, our political leaders can destroy the threat of prosperity once and for all.
The president has made much progress. Remember the bleak situation he faced when he assumed power? We'd had 115 consecutive months of economic growth. We were struggling with the lowest unemployment in 30 years and the highest rate of home ownership in history.
Besides that, we suffered under the burden of a $237 billion surplus and the addition of 22 million jobs created under the previous administration. Inflation was unfortunately at a historic low as well. But under the president's leadership, and with the help of Congress, much progress has been made in eradicating the scourge of prosperity from our lives forever.
The first problem addressed was the budget surplus. When government has money, it tends to spend it on such things as health care, infrastructure repair and welfare.
To stop this, drastic measures had to be taken. To turn a surplus of $200 million into a deficit of $500 million is not easy. It required dedication, thoughtful planning and hard decisions. But this administration was not afraid to make the tough calls to get the job done.
He decided to give away billions in tax rebates - but that still wasn't enough. By embarking on a dual policy of tax breaks and increased spending, we have been able to turn around the surplus and return government to its natural state of deficit.
The elimination of the surplus was the first and most important victory in the War on Prosperity. But we still have many miles to go before we can rest.
Deficit spending, although running at a healthy clip now, needs to be increased at an even faster rate. By accelerating both the tax reductions and the spending increases, we may be able to reach the elusive goal of a $1 trillion deficit by 2005. But it won't be easy. There are many areas to tackle.
Recently, the government became aware of the fact that the poverty rate drastically fell during the 1990s. Seven million people rose above the poverty rate between 1993 and 2001. Obviously, a situation such as this cannot stand.
One solution the administration came up with was to ensure people below the poverty line stay there. By targeting tax cuts to affect the wealthiest among us, fewer people will leave poverty and more will join their ranks. The poverty level will rise from its unnatural low levels of the 1990s to a more realistic figure.
Obviously, low unemployment is a problem. The economic situation during the 1990s created an unrealistic level of jobs, setting the stage for disillusionment later. The president has attacked this problem by destabilizing the entire economy and putting everyone's jobs at risk.
Another hindrance to progress has been the federal debt. When it's reduced, people suffer under lower interest rates and businesses have an easier time securing credit. This leads to higher levels of borrowing and spending.
In 2001, the situation was dire. The previous administration had reduced the public debt by $363 billion and had threatened to eliminate it entirely by the end of this decade. Fortunately, the Bush-Cheney Administration has reversed this trend. By adding a trillion dollars to the debt, we can rest assured it will never be eliminated.
Another area of concern has been the stock market. By wiping an additional trillion dollars in stock value from the market, the administration has finally brought reality to Wall Street. The artificially inflated value of pension plans has been reduced to a realistic level.
But that's not all. The president faced many other difficulties when taking office. Exports were at an all-time high, resulting in an additional 1.4 million jobs that drained the economy. By increasing the level of imported goods, and decreasing exports, those jobs are now gone.
It hasn't been easy, but with the help of a $100 billion war in Iraq and larger tax breaks for the wealthiest 1 percent of the population, the goal of a permanent worldwide depression becomes closer every day. The presidents political opponents will attempt to win votes by promising to reduce unemployment and the deficit. Not only is this impossible to do, it is undesirable.
Only by keeping prosperity at bay will our country improve. It is not just the government's job to wipe out prosperity; it's yours, too. Do your part by not purchasing goods and services. Do not fall into the trap of investing money. If you have a small business, close it immediately and fire all your employees.
Prosperity has never before been closer to being wiped out permanently. We are on the verge of assuring that your grandchildren's grandchildren will not live under the scourge of prosperity. Do your part.