Reagan’s Four Principles and Texas’ Prosperity

February 06, 2013

By: Peggy Venable
Published on Townhall.com – 2/6/2013

Ronald Reagan was born Feb 6, 1911.

This week marks the 102nd anniversary of Ronald Reagan’s birthday. It provides a time to reflect on the leader and on his vision for America.

A former Democrat turned Republican, he had led a labor union and as an actor was an unlikely Presidential candidate when he first ran for President in 1976 against then-President Ford. He was not the typical Republican and frankly rocked the Republican establishment.

But he eloquently articulated optimism for our country and a vision which garnered the support of voters from both parties as well as citizens who didn’t align themselves with politicians.

As we mark this anniversary, the Texas legislature is just getting started rolling up their sleeves, setting a course for the next two years in the Lone Star State.

Will Reagan’s vision be shared by state lawmakers?

In a 1987 speech, Reagan spoke of four principles of economic freedom. Those four freedoms are the freedom to work, the freedom to enjoy the fruits of one’s labor, the freedom to own and control one’s property and the freedom to participate in a free market.

These four principles were fundamental in the building of this country, yet they have been under attack long before Reagan went into office and are all the more so today.

While our nation’s leaders are dealing with deficit spending and an ever-growing federal government, Texas, with its incorporation of Reagan’s four principles, stands in stark contrast.

Texas leaders have embraced lower taxes, less government spending, common-sense regulations, a legal system which discourages frivolous lawsuits and private property rights. These policies have helped Texas attract new residents and businesses.

That has resulted in Texas leading the nation in job creation which in turn results in greater creativity, innovation, and prosperity. Although it may seem easier to provide government assistance than to encourage the risks inherent in private enterprise, we must remember that without liberty — especially economic liberty — there is little prosperity.

While Ronald Reagan would likely see Texas as an example of that shining city on the hill, it is incumbent upon us to continue the policies that have created prosperity in Texas.

He did not view government as the answer to solving problems, but worked to get government out of the way and allow the private sector to thrive. In doing so, jobs are created and more citizens have the opportunity to prosper.

Prosperity can come about only when we enjoy economic freedom and that freedom leads to prosperity.

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