"We need money for roads and schools"

2010-05-02 | Mike Acker

[Mike Acker]

how many times have you seen the old plea: "We need money for roads and schools"

and the money goes to entitlements and they come back to us again for money for roads and schools

it is time for all of us to recognize this old plea for what is is: an announcement: we have got the budget out of control again.

Roger Simon published a wonderful essay last week over at Pajamas pondering our disposition when the cost of entitlements exceeds our ability to pay. we borrow, of course, to balance the budget, but all that accrues from that is added interest charges

You might look up Alan Greenspan's article on "Gold and Economic Freedom"

When the Weimar Republic collapsed after "hyperinflation" old marks were exchanged for new at the rate of 1,000,000,000,000 to 1. Savings were, for all intents and purposes, wiped out (stolen).

Government entitlement programs are one of the biggest -- if not the main cause of deficit spending -- and the resulting inflation.

Entitlements can destroy an economy

We will need to find a workable method to install a requirement for fiscal responsibility into our constitutions.

This won't be easy

But the starting point lies in limiting the kinds of things that can be in the government budget. And continues with auditing borrowing such that any borrowing that is allowed is retired in a respectable manner.

some of these terms will be up for discussion; but that is a process we must take up.

[P.O.E.]

Goebbels and his ilk were actually pretty successful for years. So was Stalin. Maoism is still going pretty strong.

Feudalism lasted for centuries.

It might be the “natural state”.

Most people don’t realize what a precious rarity America is (was?)

[ballplayer]

we can start by abolishing the Dept of Education

[steveab]

When ever a Career Politician says I’m bring money from the feds home, I ask, “Why did take in the first place.”

[hampdenkid]

Nuts, I’m sorry — I meant the lower left! I don’t even know what the one that says “Tiger” means.

[One_Upmanship]

We've always been able to "do for ourselves," which is one of the reasons why America is so great. If you've ever had the opportunity to travel abroad and see what it is like in other countries, you come home appreciating the "precious rarity" that is the USA. (Or was.)

[One_Upmanship]

I also meant to add, Charlie Crist accepted the Fed money, and took a lot of heat for it from the party. I think many states opted out of using the signs. Everything that is up is now down these days. ;(