Showing posts with label insolvency. Show all posts
Showing posts with label insolvency. Show all posts

Tuesday, May 17, 2011

Counting Sheep


Don’t get too excited. I am not going to sing a lullaby to you. To the contrary I want to jar you awake. As we approach the 2012 elections, every party, every political wannabe and every career politician will be assessing the voters to determine how to finesse a winning number…they plan to be counting sheep. Politicians frequently lie. The uninformed, naïve ones mislead because they believe that they can defeat the system once they are elected. The cynical career politicians lie routinely and often. They do not even give the voters the courtesy of crossing their fingers behind their backs as they speak. They will do anything, evade everything and promise enduring fidelity to the Constitution to capture your vote. They will lie. I challenge you to find more than 5 members of Congress or the state legislature who never vote for unconstitutional legislation or resolutions.

If a citizen or a politician believes that some particular law or regulation is worthy but unconstitutional, she or he can implement the process to change the document through an amendment. Just because a politician, a citizen or a group believes something should be permissible or government-sponsored does not make it a legitimate function of government. Good ideas are not necessarily legal or constitutional. Politicians thrive when the sheeple clamor for something that is extra-constitutional. The public outcry provides some modicum of justification for extending government power, and supplies cover for future efforts to suppress our liberty. Politicians may not be the most profound thinkers in the land, but they do know how to count and read polling data.

It becomes impossible to expect the political class to display restraint when the citizens routinely look for government solutions for private sector problems. Just as the three year old child wants every toy in the store, many citizens demand that government correct every default and solve every ill. Our mission should include educating and chiding our fellow citizens to become more self-reliant. We do a reasonably good job of informing them about government inadequacy and over reaching, but we fall short when placing the blame where it lies…with the people who demand more or tolerate it. When things are running smoothly, the people’s vigilance and willingness to accept questionable governing is maximized. When the wheels of government and society begin to wobble, the people are motivated to pay attention, but our action is not initiated until the wheels begin to fall off the government and social structure.

If the people succeed in our attempts to preserve the republic by electing servants who are committed to liberty and the Constitution, then, as we were warned two centuries ago, our cry must be for eternal, effective vigilance. Cockroaches avoid the light, and politicians avoid controversy. The vocal activists must outwork and out shout the looters. If the looters win, we all will be losers. Right now the looters and their political puppets have a huge advantage. They control the levers of power. They control the Federal Reserve. They hold control over most of the media. The looters are firmly entrenched in all levels of the formal academic and educational system. The looters are in positions of power within many of the religious institutions in the nation. The looters are siphoning the energy and heart out of our nation, and leaving behind an empty skeleton. There are, at this late stage, some of our citizens who do not understand that the skeleton is empty…no organs, no muscle, no tissue, no blood. They mistake the collection of bones for the reality that once existed. They have not yet discerned that without blood and muscle, the body cannot survive.

Our mission as patriots and lovers of liberty who must sound the clarion call is to alert our fellows, our families, our co-workers, our churches, our neighbors and everyone we know or meet that the skeleton is empty, and we must labor to rebuild the body. We, all of us, can no longer live the life of compliant sheep. We must stand up to be counted…not as sheep…but as people committed to individual liberty. Perhaps we have the time to prevail…perhaps not. Liberty isn’t easy, and it ain’t cheap.





Thursday, January 27, 2011

Interest Inferno


You cannot drown an inferno by peeing on it. You can’t win a gunfight with a water pistol. You will never grow chickens by planting eggs, so why do career politicians expect us to believe that they are being responsible when they cut spending across the board by five per cent (5%)? The interest on the United States’ national debt is $600 million dollars per day…Six Hundred Million Dollars per day for interest on the national debt. Neither one defense armament nor one welfare check can theoretically be purchased or paid from the first six tenths of a billion dollars every day of the year. Obviously, there is no serious consideration about reducing the principle because our leaders continue to borrow funds to pay the interest on previously borrowed money. Good grief!
Cutting the federal budget in a meaningful fashion will require much more than token freezes and symbolic 5% across the board cuts. In order to implement significant reductions in federal outlays, the government must eliminate entire departments and their functions. Wholesale savings can be achieved only by re-orienting the federal mission from a “do all things for all people” to the constitutionally proscribed limited purpose for the government. We must, however, be cautious if the federal monolith were to suddenly rediscover its constitutional mandate because the nature of the political animal is to mandate that the states pick up the torch and provide the federally discarded programs. If you were to do an historical analysis of the Medicaid entitlement, you would be forewarned.
Alexander Pope wrote “Hope springs eternal in the human breast,” and expecting Congress to behave responsibly by massively reducing the size and reach of the federal government is like expecting elephants to fly in formation. As a result of their lack of courage, wisdom and integrity, we will be faced with a game of fiscal chicken in the United States. Cities, states and other governmental units will belly-up to the bailout trough while begging for some federal fiat funny money to put off the inevitable for a short time longer. If the federal government is the first to fail, it will have the same impact as a massive asteroid landing in the center of the nation….destroying much and disrupting everything. On the other hand, if one of the sates or several local governments were to collapse, then the ominous sound of clicking dominoes will reverberate throughout the land…and the globe.
Unfortunately for the sake of our nation, our citizens and our future, politicians lack the courage to do what’s right. Their priorities are to please all their constituencies and to kick the can down the road. The spending goes on, the borrowing continues (note the upcoming vote to increase the debt limit), the daily cost of interest grows larger, and “we the sheeple” get fleeced and slaughtered.
Oh, one final note. Even if they stop the borrowing (fat chance), and if interest rates climb upward, the $600 million dollars per day will be a pleasant memory.