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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-

Wednesday, January 02, 2013

David Malpass: Nothing Is Certain Except More Debt and Taxes - WSJ.com

Utopian wealth redistribution that I also refer to as collectivism, socialism and Marxism, promises much more pain for the typical family than they have gone through already. Opportunity will be reduced, and the central planning model offered up by Democrats increases opportunity only for those that are closely associated or have access to government.....
Businesses have been waiting to see whether a second Obama administration will encourage the economy. During the fiscal-cliff negotiations, however, the president made clear that his goal isn't to get business going again but instead to expand government and redistribute income. He offered no real spending cuts and instead used the year-end deadline to divide America into classes—to the point of campaigning on New Year's Eve against higher earners. Though the president talks about fairness, his policies penalize profit and investment. This hurts aspiring Americans more than it hurts those who have already made it.
Why Americans choose the statist economic model with increasing tyranny of of a central government over liberty is completely beyond my comprehension. Its as if the nation wants to fail.
And furthermore to article cited above....
The Congressional Budget Office scores the Senate bill as adding $4 trillion to the national debt by 2022. That assumes the sequester or equivalent spending cuts are fully implemented in March, which seems unlikely. Some are hoping that during the coming confrontation over the debt-limit increase fiscal conservatives will be able to recover lost ground on spending. That won't work, because the debt limit doesn't provide much leverage.
What cannot go on forever, won't. I just do not look forward to when the money runs out.
David Malpass: Nothing Is Certain Except More Debt and Taxes - WSJ.com


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