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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-

Tuesday, February 26, 2013

Earth to New York Times: Please Show Us these “Deep Spending Cuts” You Keep Writing About | International Liberty

So there is a budget disaster in the making. Its just not that its the sequester that has the hysterical Democrats and liberals all up in arms about. Spending INCREASES under the sequester is due to fall from $2.5 trillion to $2.4 trillion over the nest 10 years. Wow, what a disaster. Dopes.

The budget disaster that we DO have in the US is multifaceted. First, government intervention in markets is making capital less productive. Costs for such goods that were never subject to free market forces such as healthcare will be almost completely directed through central planning, aka communism, so this will become ever more costly, irresponsible, ineffective and wasteful. Using our resources for unproductive government wishes will make the economy much less productive than it could have been and will lower living standards, lower tax collections or both.

Second, the government has inefficiently, ineffectively and irresponsibly allocated tax resources from the treasury to pie-in-the-sky wishful 'investments' and this has increased the debt burdens born by the taxpayers. Increasing debt, particularly spent for unproductive uses lessens the ability of government to intervene in a truly needy situation such as a war or large disaster. Wasting money today will cost in perpetuity as government has redirected resourses from the productive private economy into government special interests that will lower living standards over time.

This list is by no means exhaustive but, in addition, I have been amazed as to how complicit the American press has been in allowing these things to happen.

Earth to New York Times: Please Show Us these “Deep Spending Cuts” You Keep Writing About | International Liberty


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