Thursday, August 13, 2009

You Can’t Push a String

Any thinking person should realize that this nation has serious problems ahead. Between the current federal debt and the underfunded entitlements of Social Security and Medicare place this nation in the position that my grandchildren’s share of the national indebtedness is about $130,000 before they even enter the workforce. Another way to look at it is they will have a mortgage on a house but no house when they are just getting started.

I do not think that any reasonable person could not see that some combination of events will occur in the near future, none of which will be very attractive. Among these events are: a very high rate of taxation, a severe devaluation of the currency, or possibly even a rebellion; and we’ve already seen the embryo of a rebellion in the recent tea parties and heated congressional town hall meetings.

Now if we’re to have a nanny state where the government is going to take care of everyone as a parent does a small child, we need a responsible parent, not an irresponsible parent; one that can say, “No, Johnny, you can’t have that, we can’t afford it.”

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