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"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

THE ONLY WAY OUT OF THIS

By
Neal Boortz
@ April 21, 2009 8:31 AM
Permalink | Comments (7) | TrackBacks (0)

Jamie Dupree is fond of illustrating just how bad our budget situation is. We could eliminate every bit of discretionary spending in the federal budget and still be so deep in the tank we would not be able to see daylight ... and the spending is only going up. You could also levy a 99% income tax on every penny earned over $500,000 and all you would accomplish is to send waves of unbridled sensual joy through the hearts of the wealth envy crowd out there.

There is one way out of this ... one way short of government tyranny. We can grow the private sector economy. It was economic growth that wiped out much of our debt during the dot.com boom, and it will have to be economic growth again. The trouble is we now have an administration that only believes in growing government. Government doesn't produce wealth. Government seizes wealth. Growing government while damning the private sector only makes our problems worse. Now ... try to explain this to some government-educated young person who, like, voted, you know, for, like, change.



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What others are saying

  • Plurality voting stinks!
    Red Leader,
    I agree with most everything in your comment, but I don't think we should blame our TVs for telling people to vote for one of the main two parties. The major culprit is not the media, but the plurality voting system we use to elect politicians. Due to the lack of true conservatism in the Republican party, there's a lot of talk recently about third parties. If we want a third party movement to more effectively enforce accountability of our president and representatives, we need to replace plurality, the worst of all voting systems available. A version of approval voting, range voting, sometimes called score voting, appears to be the best alternative, all things considered. With range voting, splitting the conservative vote is not an issue.

    Two Websites that describe range voting are:

    http://www.rangevote.net/

    http://rangevoting.org/


    Also, here is an interview of William Poundstone, a voting systems expert who recommends range voting, by a Mother Jones reporter at the following address:

    http://www.motherjones.com/politics/2008/01/verdict-our-voting-system-loser
  • The way out
    I don't know why Y'all are having such a hard time here.

    The way out is SIMPLE, if you do not have the money, don't freakin do it!

    Actually, spend 90 percent of what you have, put 5 percent towards debt reduction, and 5 percent towards a rainy day fund.

    Y'all can nominate me for a Nobel any time you like.

    What, you say you refuse to let go of Nanny state spending?

    Sucks to be you.
  • if you voted Mccain...
    ...then you also voted for dramatic government growth. Sorry to break it to you, but its the truth. We need private sector growth and govt shrinkage and we can start with ending military presence in the 150 countries around the planet where people should be taking responsibility for themselves(ie conservative foreign policy). People had conservative choices available in Bob Barr and Chuck Baldwin in 2008, but allowed their tv's to convince them that they couldn't win, so therefore got them to abandon their conservative principles and accept the fundamentals of socialism and widespread amnesty for criminals in the form of Amnesty Mccain. Mccain voters also split the conservative vote by voting for someone who obviously wasn't conservative, putting Obama in power. A new party needs to be formed to get these neo-con scum out of the GOP. Maybe call it the Imperial Party or the Imperial Theocracy or something.
  • Neal, that would be the right thing to do.
    The only problem is, PrezBo and his clown cabinet are out to destroy the private sector.

    "The amount of your liberty is inversely proportionate to the size of your government"
  • Jack Smythe
    Why do the banks keeping adding fees? Maybe because their shareholders, people like you and I with stocks in our 401k and IRA expect these stocks to make money. At shareholder meetings the CEO's are beaten up for not making more profits, so they start adding more fees... it's an ongoing cycle.

    Who's fault is it? Look in the mirror.
  • Why is there so much wealth envy out there?
    A lot of people view many large corporations as greedy, profit-driven, and evil? Why is this? Too many people see businesses placing profits above fairness, safety, common sense, the environment, competition etc. Too many people see government placing corporate interests and lobbyists before what is best for the people. One example is the banks and credit card industry.
    People see the banks and their executives getting bailed out by taxpayers. These same banks jack up fees and interest rates for even good customers for no other reason except greed. Fees are hidden. Ditto for mutual funds - costs are hidden from the people. People have this perception that corporations, lobbyists, and many rich people can use the legal system and power of government to harm the people in order to further line their pockets.
  • We are in deep ****
    The reason that this is so scary is because with this money crisis will turn into a literal disaster in short order. We have already seen a good amount of people lose their homes. What happens when the commercial collapse begins? Do we want these liberals REALLY taking advantage of this crisis and starting to move us toward a fundamentally new system of government? They would be in charge of the change over. We have much to worry about. What they are doing right now is exactly why states are flirting with the notion of secession. With 16 of the top 19 banks in this country completely insolvent (and I do mean COMPLETELY) I think we have a REAL problem here...and unfortunately there seems no way to solve it. If just 1 or 2 of those banks go under the FDIC will run out of money to cover deposits. Any bank that fails after would have NONE of its deposits covered. The only way they could is if they printed more money...only problem is that by that time the dollar will be worth less than the paper it is printed on and then we have a new problem...government issued vouchers for the necessities. Fun times huh?
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