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« on: March 10, 2011, 04:20:44 PM » |
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The Patriot Post - Democratic Socialism
From The Federalist Patriot
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Democratic Socialism
By Mark Alexander · Thursday, March 10, 2011
Political Consequence of the Looming Debt Bomb Shockwave
"I place economy among the first and most important virtues and public debt as the greatest dangers to be feared." --Thomas Jefferson
Paraphrasing the noted economist and philosopher F.A. Hayek, Future Freedom Foundation President Jacob Hornberger wrote, "There is no difference in principle, between the economic philosophy of Nazism, socialism, communism, and fascism and that of the American welfare state and regulated economy."
Not only is there no economic distinction between socialist systems in different political wrappers, ultimately there is no consequential societal distinction between Marxist Socialism, Nationalist Socialism, or the most recent incarnation of this beast, Democratic Socialism. The conclusion of socialism by any name, once it has replaced Rule of Law with the rule of men, is tyranny.
Noted Russian dissident Alexander Solzhenitsyn, no stranger to the consequences of statism, wrote, "Socialism of any type leads to a total destruction of the human spirit."
Democratic Socialism, like Nationalist Socialism, is nothing more than Marxist Socialism repackaged. Likewise, it seeks a centrally planned economy directed by a single-party state that controls economic production by way of regulation and income redistribution. The success of Democrat Socialism depends upon supplanting Essential Liberty1 -- the rights "endowed by our Creator" -- primarily by refuting such endowment.
So what do these observations have to do with the current state of economic and political affairs in our great nation? Unfortunately, more than most Americans currently realize.
However discomforting this fact might be, there is abundant and irrefutable evidence that Barack Hussein Obama and his socialist cadre2 are endeavoring to "fundamentally transform the United States of America" by planting a debt bomb3, the future shockwave of which, they surmise, will break the back of free enterprise4. From the ashes of that cataclysm, Obama and his ilk envision restructuring our nation as the USSA5.
If you think such assertions are just rhetorical hyperbole, think harder.
As the direct result of Obama's "economic recovery plan6," the central government budget forecast for the current fiscal year includes a historic $1.65 trillion deficit. Given the economic consequences7 of continued growth in unfunded government spending (including ObamaCare), the potential inflation on our immediate horizon (prompted primarily by increasing energy costs), and diminished confidence in the U.S. dollar, the deficit proportion of fiscal-year 2012's $3.73 trillion budget will set yet another appalling record.
More perilous for consumers is the potential for "stagflation," a remnant from the Carter era that combines static or decreasing wages (stagnant economic growth) with increasing commodity prices (inflation).
In February alone, Obama's central government accrued a record $223 billion deficit for one month. To put this in perspective, that single-month deficit exceeds the entire 2007 budget deficit under George W. Bush -- you know, the one that was Demo-gogued during the 2008 campaign cycle.
Republicans scraped together a few more cuts for their feeble $61 billion8 in proposed 2011 budget reductions, but Obama and his Senate Democrats declared they would approve only $4.7 billion in additional cuts. "Do we want jobs?" asked Senate Majority Leader Harry Reid (D-NV). "If we do, then we simply cannot pass the plan the Tea Party has already pushed through the House."
Indeed, the Senate voted down the House budget, which was to be expected. Reid went so far as to declare it "mean-spirited." Obama's Senate protagonist, John Kerry, defined the meager Republican cuts as an "ideological, extremist, reckless statement" that "would contribute to the reversal of our recovery. It might even destroy our recovery."
Since Democrats have lambasted and voted against any cuts proposed by Republicans, the Republican "leadership" should stand true to last fall's elections and propose those deep cuts promised on the campaign trail.
What is needed, if we're to have jobs in five years, is $4.7 billion in additional cuts for every day of this year's budget, and those that follow. There are budget solutions9, but these require political courage and resolve, a rare commodity in our nation's Capital.
"Deficit spending," concluded Alan Greenspan, former chairman of the Federal Reserve Board of Governors (1987-2006), "is simply a scheme for the hidden confiscation of wealth." And that is precisely the prescription necessary to establish Democratic Socialism.
If the future shock of this debt bomb set by Obama and his Useful Idiots10 does not yet cause you considerable heartburn, consider the implication of these statistics: Of total U.S. wages and employee benefits paid in 2010, 35 percent were paid by the central government as wages, or in fulfillment of entitlement programs. Read that again and let it sink in. |
