National Fiscal Suicide

The Stimulus and the Bailout it seems like allot of money. Does anybody have a grip on that money? I think you would need a building full of accountants just to have a clue were it’s all going and who is going to pay for it all. I have only their word that people with law degrees and no real world experience know how to fix everything. Please forgive me if I am skeptical about the ability of lawyers to fix anything. Daniel Hannan said “it’s difficult for elected officials to say a situation is beyond their control”. The government is supposed to govern! For the government to be all things to all people is national fiscal suicide. They spend money like there is no tomorrow and print money as if the dollar has some intrinsic value which it does not. Obama, Pelosi and Reid are driving this nation to the brink of a nineteen-eighties like fiscal disaster. I lived through the nineteen-eighties and it was a nightmare. The “spenders” have already begun to drive the nations bond rating down.

There are those that believe that the government can take a dollar from someone’s pocket and give someone a dollar; a zero sum gain. There is no zero sum gain, after all remember that building full of accountants. If the government gives someone a dollar it has to take two dollars from someone else; a net loss. If fiscal imprudence drives down the bond rating this net loss becomes even worse because interest rates go up. I have no doubt that irrational spending can give the economy a temporary boost. A person can get some new shiny thing with a credit card; but, at the end of the month, the bill comes due.

I’m not saying that I agree with everything the “Dissenters” (Daniel Hannan, Ron Paul and Michael Scheuer) say; but you should listen to these people. Some of what they say makes more sense than anything the “Spenders” are saying.

“You can not carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of dept.” Daniel Hannan

“Congress is behaving like drug addicts who must hit rock bottom before they are ready to face reality.” Ron Paul

“Israel and its American supporters have made discussing the issue of Israel difficult and politically dangerous in the United States. A term that is never defined as "hate speech" is the epithet "anti-Semite," which is so often hurled at Americans by Americans to preempt debate on the U.S.-Israeli relationship.” Michael Scheuer

I had considered that we should keep our industry and outsource our government. It seems President Obama has beaten me to it as he has placed the White House under the control of the Israeli Defense Force. Some might like to think that our unholy crusade against Islam is a separate issue all together; they are wrong! The fact is that tanks are not economical; jets use more fuel just to get off the ground than your SUV will use all year and the cost of our war is a major factor in our national fiscal suicide.

"Against the insidious wiles of foreign influence … the jealousy of a free people ought to be constantly awake, since history and experience prove that foreign influence is one of the most baneful foes of republican government. But that jealousy, to be useful, must be impartial, else it becomes the instrument of the very influence to be avoided, instead of a defense against it." George Washington 1796 (I hope you know who he is)