Posted on 04/05/2011 8:39:10 PM PDT by sickoflibs
If you realize both parties in Washington think that our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus who is going to get elected in Washington and cut your taxes, spend a few trillion and that will jump-start the economy, this list is not for you.
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The Austrian School’s Commandments plus :From : link
1) You cannot spend your way out of a recession
2) You cannot regulate the economy into oblivion and expect it to function
3) You cannot tax people and businesses to the point of near slavery and expect them to keep producing
4) You cannot create an abundance of money out of thin air without making all that paper worthless
5) The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever
6) You cannot live beyond your means indefinitely
7) The economy must actually produce something others are willing to buy
8) Every government bureaucrat should keep the following motto in mind when attempting to influence the economy: “First, do no harm!”
9) Central bank-supported fractional reserve banking is an economically distorting, ethically questionable activity. In particular, no government should ever do anything to save any bank from the full consequences of a bank run, no matter what the short-term consequences.
10) Gold is God’s money.
Add mine:
1) Businesses don't hire workers just because of demand for products or services, they hire because it makes them money. Sorry to have to state the obvious.
2) Government spending without taxing is still redistribution
3) Taking one man's money and giving it to another is not a job.
4) Paul Krugman and Bernake have been wrong about everything, as well as the other best and brightest Keynesian's who have been fixing our economy for over a decade.
5) Republicans in the minority (esp out of the White House) act like Republicans, in the majority they act like Democrats .
Equity bubble rules:
1)If something goes up too fast, it is going down faster,
2) By the time it looks like everybody is getting rich, it’s too late, stay out!
3) To get rich you have to get in early start of recovery and get out at the first really 'bad' news, and ignore the experts that claim that they will stop the next crash(our buddy Bernake.).
4) Don't invest money you will probably need, or worse money you don't really have.
Since he is using SS as a grand example of a government failure, you should enjoy this:
Video debate : A Liberal Democrat explains the why the Social Security Trust Fund is safe
We aren’t forgiving in NJ, and apparently they aren’t in Wisconsin either.
The “age warfare” they refer to will take place when the survivors of abortion turn on their parents to avoid paying for a retirement lifestyle the young workers can’t afford working 60 hours per week; it has already occurred in Europe. Old people know better than to enter a hospital “unescorted”; the workers are employees of the state, and as such represent the interests of the state, not the patient. ObamaCare has brought the same system here; our healthcare workers will be Division of Motor Vehicles employees with 4 more years’ education.
So they set up this system where, effectively, each generation pays for (some of) the retirement of the previous generations. I’ve always wondered what happens when one generation says, “No, I didn’t sign on for that, I’ll pass”.
Lately I’ve been wondering what happens when one generation realizes that even if they don’t make that decision, their kids probably will.
That's me. The USPS service here is so piss poor I got a box at the UPS store. Problem solved. Yes, the box costs me money. But the lowered blood pressure and peace of mind is worth it.
SCREW THE USPS. MORONS!!
Bttt.
I wonder if Mr. Westley is offering himself up as an example of government failure.
While a topic of general social concern, the particular question posed by this article is somewhat silly, because the answer is as obvious as a brick wall.
Corporations can be sued.
The government has to agree to be sued.
So even when corporations lose relatively small amounts of money, they are vulnerable to shareholder suit.
But when the government wastes billions, or even trillions, it can simply refuse to be sued, by making sure Congress or the presidential administration looks the other way (because they’re involved in the waste).
No recourse is no recourse.
Kind of like having a mountain of evidence that the president is ineligible to be president, only to have the courts shrug and say, “well, we see no standing for you to present your mountain of evidence, so it’s never accepted, so it doesn’t officially exist, so we don’t have to rule on it.”
No recourse is no recourse.
I make it a practice to talk to new hires from college at work (Maryland) to see what they know; and for the most part :
1) They know nothing of economics
2) They know nothing of world history
3) They think the world's problems are all a simple problem like their college experiment that seemingly smart honest (generally liberal) presidents can fix
4) They have no idea what a hundreds of thousands of dollars taken from them over their lifetime will mean to them when they are 50-60 and the government still says to them:"It's not enough, we need more"
.
As long as the Republicans can blame it on the Democrats, and the Democrats can blame it on the Republicans , then everybody’s happy. To keep things interesting, the government will blame the private sector, especially big, evil corporations.
Ms Institute,
‘Cause they keep hoping, always hopin’.
Gotta hope in something, and nothing else
outside of religion which is passe now, isn’t it,
gives us hope, do it?
Ms Taken
Too many people believe the federal Government will and has taken care of them, most believe that it still is ( just ask the baby boomers with their guaranteed social security payment, look at how they kept the government accountable?), oh wait, another failed government program!
We just expect a certain amount of ineptitude from them.
Just wish he would educate himself about the USPS. They are not paid from taxpayer monies, and haven’t been for years. They may be a perceived failure, but they provide univeral service to every household in the US. My parcel delivered today started out FEDEX, but USPS delivered it.
>> But the lowered blood pressure and peace of mind is worth it.
LOL, you gotta’ keep your sanity. I try to avoid women (that’s a joke ladies)
Ironically, I’ve made overtures here at FR about my appreciation for USPS (predicated, of course, on its revenue being a solely a function of postal fees). Though I’ve had my suspicions about dumping some large mailers, I haven’t experienced any problems at my mailbox, or with the Express Mail service. I’m also fortunate to have friendly, courteous postal employees.
For some government is their god.
Good luck getting anything smarter out of high school grads.
Yep, An economist supported by the taxpayers is a fine one to talk about government failure.
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