WASHINGTON, September 30, 2013 ― We have veered so far from the vision of our Fathers that, unless the American people regain a strong commitment to the traditional American values of self reliance, individual liberty, and equality of opportunity, our democracy will inevitably lead to socialism.
It’s hard to argue that we aren’t already there.
We live in an age when some banks are too big to fail, when the taxpaying minority of Americans must carry the burden of failed investment firms that were run into the ground by our best and brightest.
We have a government that has bought private companies, that picks winners and losers in the free market.
We have an annual trillion-dollar budget deficit, and the majority of that budget is made up of payments to individuals ― meaning wealth redistribution ― and interest on the national debt ― entropy.
The current political discourse in this country suggests lack of understanding of the ratchet effect of increasing government programs and power over time. Unlike in business, unlike in nature, unlike in real life, failure is not punished. It is at best ignored, at worst rewarded. Once a program is in place, it is almost impossible to repeal, even when Republicans obtain political power, because voters become dependent on it.
Progressives have known this for as long as they have been blowing up the bureaucracy. Congressman Henry Waxman famously said if it took losing a few members of Congress in the next election to get Obamacare passed, it would be worth it. And this was no partisan bias. Senate Republican leader Mitch McConnell agreed, warning his troops that once an entitlement is given, it is nearly impossible to get it back.
Franklin Delano Roosevelt also understood this. He proudly said, in introducing Social Security, that since all paid taxes for it, all had skin in the game. That’s how Ponzi schemes work: Eventually someone gets left with the bill, so everyone tries to keep it going as long as possible.
It’s like musical chairs: eventually the music will stop, and someone will lose. The game is all about not being that person.
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