King: Election winner will be out of power for a generation

In my obsession with the British elections next week, the headline really jumped out at me.

“I saw the Governor of the Bank of England last week when I was in London and he told me whoever wins this election will be out of power for a whole generation because of how tough the fiscal austerity will have to be.”

The column continued:

However, leaving this inconsistencies aside, the comments do seem plausible: King has said repeatedly that the Government will need to impose far more ambitious cuts on the deficit than it currently plans. The comments ought to stand as a reminder that although the focus of the election has switched away to bigotgate, and the economic focus worldwide to the eurozone malaise, Britain faces a decade of hurt in the wake of its decade of debt.

The Institute for Fiscal Studies spelt it out earlier this week in typically frank terms. Labour and the LibDem plans imply the biggest squeeze on public services since the 1970s, when the IMF was in town. The Tory plans imply the biggest set of cuts since records began in 1948.

The Republican party faces the same danger in both 2010 and 2012. With Obama still in office and until he is out of office, there are going to be continual fractures to our system. Our side needs to be ready and be upfront about our solutions and our plans. I've written about 1992, 1994 and 1996 before. I will continue to say that we must be bold and we must be realistic. We must have a conversation with the American people.

The damage that Obama is inflicting, including the sense of entitlements, is not going to go away easily. Hard decisions are going to have to be made. If we start having the conversations now, we will not only prepare people for the realities of tough decisions and real life in what is America, but we will start to get people to understand, to work with us and to advocate on our behalf within their circles of influence.

As Ronald Reagan said in 1975: "Our people look for a cause to believe in. Is it a third party we need, or is it a new and revitalized second party, raising a banner of no pastels, but bold colors, which make it unmistakably clear where we stand on all of the issues troubling the people?"

Let's start presenting our bold colors now. As I mentioned here before, Congressman Paul Ryan's Roadmap For America's Future is a great place to start. I love the British and I love watching Question Time. But, I don't want to be like our friends from across the pond in 2013 when a Republican President is sworn in to office.