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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Monday, April 27, 2009

Rumination of the times.....

With $11 trillion of government obligations that will probably grow at around $2+ trillion a year (remember, obligations grow much faster than the 'deficit' since interest on intra-governmental debt and the social security 'surplus' also increase the debt numbers), and local governments crushed under unfunded Federal mandates, how will this play out?
How will we be living when 75% of our GDP is committed to simply servicing our national debt? Where will jobs come from when reinvestment ceases because corporations are forced to forfeit their earnings to the government? How will the citizenship react the government is forced to confiscate nearly all the earnings of the public while simultaneously eliminating the programs upon which everyone has become so accustomed to relying? From a sociological perspective, this is terrifying. Chaos could ensue. Good thing the second amendment hasn’t been completely repealed.
From here.

So, what does the US do when we get on the slippery slope? We elect the least experienced and most socialist President in history and expect him to spend even more money. The fat boy is overweight so we feed him more doughnuts. Galt will go on holiday.

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