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Tuesday, December 30, 2008

Welfare by any Other Name is still Welfare

In my eyes, it is obvious that there is no hope for our economy until macro-economic governmental policy is corrected. The days of cooking the books have to end. We have to have fundamental balance restored to the economy. The Democrats are in charge and it would take a major shift in that party's economic beliefs for that to happen. I am not picking on the Democrats, because the Liberal wing of the Republican Party has gone right along with the spendthrift, "why do today what can be put off until tomorrow" mindset.

The people in Washington (and Raleigh) seem like they would rather tank the economy for petulant ego's sake than admit that they have been wrong, show some leadership, and take a chainsaw to the governmental budgets that have smothered the private sector. Funny how the economies of governmental areas are weathering the storm, while areas that rely on private sector money are drowning.

The bureaucrats are so insulated from the negative consequences of their action, that they have no skin in the game and thus no reason to fix a situation that they are still benefiting from. This arrogance is leading to a historical train wreck that none of us can fathom. You have to be on a steady diet of Prozac to think that this economy will turn around any time soon.

This whole country has been permeated by the stench of Keynesianism. Everyone is on welfare. The rich, the poor, and the middle class have their hands permanently extended asking, "Where's mine, is that all I get?"

Look at the fat cat's on Main Street. They expect cities to pay to help renovate their buildings with new windows and awnings. They expect cities to pick up the tab for landscaping. People in Hysterical Districts expect cities to cowtow to their stifling whims and fantasies. Folks, this is as much welfare as anything. And it is done in the most arbitrary of manners.

Business leaders send commerce across the border and re-import crap products. They never give second thought to the fact that all of their foreign assets can be nationalized in a heartbeat. We must institute consequential accountability for companies that push to gain the fast buck at the expense of long term viability and profitability. Most of the CEOs are small potato shareholders of the businesses that they represent. Once they plunder and bleed the turnip for their own personally greedy purposes, then they have no remorse when that corporation has completely tanked. These individuals need to be punished.

Middle Class people want the government to supply their kids with grants and student loans and then they turn around and wonder why tuition and book costs have skyrocketed. They run up huge amounts of personal debt and then can't understand why they have been caught in such a bind. People, if you spend more than you take in, then at some point you are going to have to spend less than you take in. That artificial increase in your standard of living today is going to reduce your standard of living exponentially 5 to 10 years down the road. The Ponzi scheme route of personal finance always leads to collapse.

The same goes doubly for the poor. We aren't helping anyone out by teaching them to be dependent on others. We need to lift their circumstances, not confiscate others finances so that these people can live on a meager subsistence. The way that we are supposedly helping the poor kills their ambition and drive. We need to encourage people to strive to be the best that they can be.

Anything other than convoluted, cooked-book dynamics point to the fact that there is no way out of our current predicament by following the current macro-economic Ponzi scheme that our governmental leaders have been practicing for nearly 40 years. We have to restore balance to our economy and follow Common Sense fundamentals to get the economy back on track. That will take years; but the sooner we start, the sooner we will get there.

Bottom line is if we don't change the way this country functions, then we are in for the negative consequences of a world that none of us can even fathom.

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