Winding down
U.S. defense spending subsidizes European free-riding welfare states
Yes, European welfare states exist because of decades of subsidy by US taxpayers, but the important thing is the obvious larger lesson. The lesson is that if Obama Democrats want to reconfigure the US as a Euro-style welfare state -- which they do -- they will have to drastically cut military spending. If there are compelling reasons not to cut military spending by half or more -- which there are -- they will instead have to bankrupt the country. Which is what Obama Democrats are now in the process of doing. There is no third alternative for doing what they want to do.
The best anyone can do, and the best anyone has ever done, is to establish conditions that produce an expanding economy that creates large amounts of wealth. America became affluent because when it was taken for granted that "The business of America is business." But today's Democrats are all about redistribution of wealth, not wealth creation. That would require lower taxes and freer markets, and government that uses its powers to encourage and facilitate the private sector. People like Obama (under the spell of an ideology with an unbroken worldwide record of demonstrated failure), see the private sector as a necessary evil at best; they operate under the delusion that, somehow, government is the source of wealth, rather than merely the primary consumer of wealth. The inevitable result of that view is a government, like Obama's, that spends more wealth than there is, and more even than there will be.
The accumulated fruits of the labor and ingenuity of generations, past and future, are being squandered. The great Winding Down of America, entirely self-inflicted. How's that for a proud legacy?
Byron
In the past few years, especially since the onset of the global economic crisis, the problem has become much worse as European nations struggle to deal with increasingly burdensome social welfare states. Military spending in Europe has moved from the realm of inadequate to the realm of pathetic.
Yes, European welfare states exist because of decades of subsidy by US taxpayers, but the important thing is the obvious larger lesson. The lesson is that if Obama Democrats want to reconfigure the US as a Euro-style welfare state -- which they do -- they will have to drastically cut military spending. If there are compelling reasons not to cut military spending by half or more -- which there are -- they will instead have to bankrupt the country. Which is what Obama Democrats are now in the process of doing. There is no third alternative for doing what they want to do.
The best anyone can do, and the best anyone has ever done, is to establish conditions that produce an expanding economy that creates large amounts of wealth. America became affluent because when it was taken for granted that "The business of America is business." But today's Democrats are all about redistribution of wealth, not wealth creation. That would require lower taxes and freer markets, and government that uses its powers to encourage and facilitate the private sector. People like Obama (under the spell of an ideology with an unbroken worldwide record of demonstrated failure), see the private sector as a necessary evil at best; they operate under the delusion that, somehow, government is the source of wealth, rather than merely the primary consumer of wealth. The inevitable result of that view is a government, like Obama's, that spends more wealth than there is, and more even than there will be.
The accumulated fruits of the labor and ingenuity of generations, past and future, are being squandered. The great Winding Down of America, entirely self-inflicted. How's that for a proud legacy?
Byron
posted by Byron | Monday, July 12, 2010
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