Much of Europe is teetering on financial collapse. The amount of money needed to sustain their socialist welfare systems is exceeding their ability to generate enough taxes to feed the beast. Simply put, their alligator diet far exceeds their lizard ability to provide. Free healthcare, extravagant public pensions systems and generous welfare benefits are crushing the productive class. The gravy train is coming off the tracks.
That's Europe, you say. Well just how far behind them are we?
Social Security is broke. They are paying out more than they are taking in. There is no lock box with your money safely stashed away. That money is long gone. Spent years ago. There isn't anything left but an IOU in a binder in some office somewhere that says the government will pay it back. The only money that Social Security now has is what you are contributing today. LBJ opened up the lock box to fund his great society. I read a good way of putting it once. The government gives you an IOU buy printing a piece of paper and telling you they have the funds. Sort of like you writing yourself an IOU for ten million dollars and then declaring yourself to be a millionaire.
Folks, we are tapped out and Washington and your state's only answer is to demand you pay more and more.
Conservatives are often accused of being negative. We are, if you listen to some on the left, against all of this progressive stuff they keep coming up with. Oddly enough, one of their usual canards extolling the virtues of the socialist way is to bring up Social Security. We've tried to offer up solutions for the Social Security mess. When we did, the liberals shot it down saying the system was fine.
The bottom line to all of this is this: We are approaching (if we haven't already reached it or even surpassed it) the point where our debt is unsustainable. And by that I mean they can't tax us enough to pay for it. My grandchildren already have a tax liability in the tens of thousands of dollars and they are seven years old and under. Greece, Spain, and Ireland are already on the verge of collapse. I suspect we are closer than we'd like to think.
We need to reduce spending. Most of our spending is in the way of entitlements and frankly, we need to cut as much as we can. That even means me, I guess, since I get a government pension. If that means it gets reduced, then so be it. I'll take the pill with everyone else.
Our only real answer is to reduce the size of government and not just in nibbles, but huge bites. When government employees are making thousands more than their civilian counterparts, we have a problem. We also need to find a way to rein in this imperial Congress. When Nancy Pelosi's liquor bill is more than I make in several years, we have a problem. My company doesn't fund my beer tab, yet we apparently think it's necessary to keep Pelosi and her entourage well oiled with expensive hootch. The Republicans are just as guilty at times thinking that we owe them all of their perks.
The job was never meant to be a career. Congressional pensions should be eliminated in favor of a cash payout equal to one year's pay at the end of two terms to compensate their retirement fund for their service. If they stay after that, they get a base salary, no more retirement.
At some point, you become a serf to the government. You already are to some extent. Do you own your home? Not really. I don't care if you have a clear title and deed, you don't own it. Don't pay your property taxes and see how quick the government takes it away from you. The lord expects the serfs to pay tribute to live under his protection.
There ain't no free lunch, folks. The government doesn't have its own money. It has YOUR money. It spends YOUR money and it takes YOUR money with the force of the law and a waiting jail cell if you don't give it to them when they ask.
The party is over and we just haven't left yet. The hangover is coming. Socialist Europe is crumbling and yet there are a lot of people who seem to want to push us toward that end. Santayana admonished us that the lessons of history are often repeated if not learned. Socialism has never worked and it won't work just because Barack Obama is now President.
VW














