Saturday, August 20, 2011


Voter backlash is coming. The FSA will have their choice of well established liberal candidates from which to choose. The true liberals are the Libertarian party, who want freedom from government, but have never garnered more than a few percent of the popular vote, because most people want their stuff without paying for it.

Ron Paul is the best choice right now for stopping the free stuff parade. There are only tough choices left in dealing with unfunded entitlements. Neither so called conservatives nor so called liberals have demonstrated any capacity to deal with out of control federal deficit spending. We can either slow down and stop, or hit the wall at 120 mph.

In Raleigh, NC, the big spending mayor who is not running for re-election, is defending over $1B debt, which has quadrupled in 10 years by pointing out most is paid for with fees and not property taxes. While he has a point, constrained spending should be the order of the day. The city budget has probably doubled in the last ten years, as well, so the debt picture isn’t the whole story.

With revenues decreasing, city leaders are loathe to give up the standard of living to which they have grown accustomed, so it’s citizens must give up theirs.

We’ll see if we actually make it to election day, 2012, without widespread riots. Extended unemployment and more families on food assistance will mitigate civil unrest, while the looting and plundering of America by the top one percent continues unabated. Where will the next crack in the foundation appear? There is a critical mass at which all hell breaks loose and most everyone is dependent on the same supply chain for basic necessities. When the politicians in DC feel the pinch, they will act, and even then, their’s is a broken system of corruption. When they lose control, and they will, it’s a mathematical certainty, it may be too late.

We could pay off the national debt by assessing every individual and corporation with assets in the US, a percentage of net worth, with a balanced budget amendment to the constitution, requiring a super majority to raise taxes or issue debt in times of declared emergency. We still have to deal with entitlements, and retiring seniors for the next 50 years, but the interest savings on retiring the debt would go a long way.


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