My Big Fat Greek Bailout – And What It Means For America

So Greece is going to get its big fat bailout.

The “Too big to fail” mindset wins yet again.  First it was big union-dominated automakers and high-risk lending institutions.  And now it’s entire countries, starting with Greece.  And after Greece comes Spain and Portugal, and then will come California and a bunch of other mostly decades-long liberal-progressive states like New York and New Jersey.  High taxation and out-of-control spending equal fiscal disaster as states and countries rack up enormous debts that they can never hope to repay.

Here are a couple of headlines for you:

California will go bankrupt

Is California Too Big To Fail?

And you know damn well it is.  California all by itself is the sixth largest economy on the planet.  And the inescapable logic of redistributionism means that the other 49 states are going to have to redistribute their wealth to bail out the People’s Republic of Pelosistan.

Beware Greeks bearing IOUs.  Hell, beware ANYBODY bearing IOUs.

In contrast to everything liberals believe, the higher the tax rates, the lower the revenues that are being collected as businesses relocate to states that DON’T hate them.  This has been proven throughout American economic history, and it is certainly being proven now: the states with the highest taxes are facing the largest revenue shortfalls.

Their understanding of free market capitalist economics comes primarily through the straw man created by Karl Marx, and so they fundamentally misunderstand and distrust the economic system that made America the greatest nation on earth.  They want redistributionism, and someone has to pay for my right to be a nonproductive bon-bon-eating couch potato.  That “someone” ends up being the only people with the resources to invest and create jobs.  But the rich aren’t stupid, and so they shelter their money to avoid the higher taxes.

I mean, even Oprah Winfrey does everything she can to avoid high taxes.  Even MICHAEL MOORE does everything he can to avoid paying more taxes.

And what do we do when the disaster these people created finally comes home to roost?  We bail them out, so they can do it all over again.  It’s called “moral hazard.”  Somebody in power should look it up and then quit doing it.

We keep making this giant ball of stink bigger and bigger and bigger, and we’re all wading through it now, and everything is going to sh*t all around us because our leaders don’t have the courage to simply let losers lose.  We’ve become bailout nation, where the people who had discipline and did things right prop up the reckless so they can continue being reckless until the system crashes.  Or to put it more precisely, until the system crashes bigger and badder the next time around.

Times are going to get harder.  China is announcing that they are dumping US securities in what appears to be an economic war declared against us.  That’s going to make it a lot more expensive for us to keep borrowing.  But the only way we can continue these insane liberal-progressive policies is to keep borrowing and borrowing.

There’s no question that we need to collect more taxes.  But raising rates isn’t the way to collect more taxes.  The Bush tax cuts stimulated an unprecedented 52-consecutive months of economic growth even as it generated MORE tax revenue.  Obama’s going back to “the failed policies of the past” from the Jimmy Carter era are going to create a lot of damage as Democrats refuse to learn the lesson of the luxury tax again and again and again.

There’s also no question we need to dramatically decrease our spending.  And along with that, we need to phase down the boondoggles we’ve created via Social Security (which is now in the red, paying out more than it collects) and Medicare/Medicaid (how does a ONE HUNDRED TRILLION DOLLAR unfunded liability strike you?).

The problem is that the federal government has expanded so far beyond its constitutional limitations that its not even funny – with the lion’s share coming from progressive-Democrat social programs.  The government which was supposed to be limited to defending the country and creating infrastructure is now involved in absolutely everything under the sun.

And Democrats will fight to the death for every single one of these programs.

There’s also the now-typical Democrat demand from the government:

Pay my mortgage.  Fill my gas tank. Buy my car.  Give me free health care.  Feed me.  Change my diapers.

Which means we can’t control our black hole-spending.  Which means we can’t reduce our never-before-seen-in-human-history debts.  Which means that we’re on the same road that Greece is on.  Only no one will be there to bail us out when we collapse.

The only question is how long it takes for us to get there.

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3 Responses to “My Big Fat Greek Bailout – And What It Means For America”

  1. Lee McLaurin Says:

    This is exactly the kind of crap posted continuously to your website that will always have us in a situation where nothing ever gets done. Your constant “everything is the liberal’s fault and conservative’s are right about everything” is nothing but useless drivel that keeps both “sides” fighting while ALL THE POLITICIANS ROB US BLIND. These politicians, whether democratic or republican don’t give a shit about you or me, but you’re so content on this blog to spit out useless right wing talking points without thinking for yourself. You make these sweeping generalizations about an entire political party (because you have to; doing anything else would require you to actually think for yourself), and it advances nothing. Look at the titles of your articles; Democrats do this, Democrats mess up that, blah, blah blah. i’ve got news for you, democrat or republican, it’s not going to make a difference. they all sit in their big cushy offices, flying their private jets, all the while laughing at BOTH of us.

  2. Michael Eden Says:

    You are pretty amazing in your hypocrisy, Lee.

    The very thing you demand I quit doing to the left you are doing to me. Which tells me that I need to keep right on firing, because if I cease fire, trogs like you will be the only ones shooting. The ONLY thing between you and I is the subject of our attacks.

    If you don’t like the political attacks, stop doing it.

    I got into blogging because 1) the Bush derangement syndrome was SO extreme it was unreal. I had never seen anything like it. And because 2) Barack Obama was so radical (I still can’t believe a guy who spent 23 years in that vile church got elected president). And given the hard-core liberal Congress, I’m afraid there’s a need to chop the tree down.

    For the record, I don’t get any “right wing talking points.” To be honest, I’m not sure I’ve ever even SEEN a “right wing talking point.” What appears on my blog is me “thinking for myself.” I look over the headlines, read the articles of the day, and choose what I am going to write about. And believe it or not, I actually write my very own articles completely sans “talking points.”

    People like you disgust me. You think that anyone who doesn’t think exactly like you should have no right to express his or her views. And further, you don’t have the simple integrity to come to a blog like mine and say, “I’m a bigtime progressive, and here’s me defending my leftwing ideology.” No, after 8 years of hysterical Bush-bashing, and 8 years of “dissent is the highest form of patriotism,” suddenly you slimebags have decided that conservatives need to set aside their differences for the greater good.

    You don’t think Republicans are different from Democrats? Look at Obama racking up more spending/deficits in 20 months than Bush racked up in 8 years. Call me a math genius, but I see a difference between Republicans, and Democrats who are spending 5 times faster than Republicans.

    Consider that from Jan. 20, 2001, to Jan. 20, 2009, the debt held by the public grew $3 trillion under Mr. Bush—to $6.3 trillion from $3.3 trillion at a time when the national economy grew as well.

    By comparison, from the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt held by the public will grow by $3.3 trillion. In 20 months, Mr. Obama will add as much debt as Mr. Bush ran up in eight years.

    You don’t see a difference between Republicans and Democrats? Look at the near total GOP opposition to the incredibly failed Obama stimulus.

    You don’t see a difference between Republicans and Democrats? Look at the difference between Republican and Democrats on the ObamaCare boondoggle.

    You don’t see a difference between Republicans and Democrats? Look at the difference between the Republicans and Democrats on the economy killing cap-and-trade, and on the now proven-to-be-a-giant-fraud socialist agenda known as global warming.

    Just because you’re too damn stupid to see a difference between Republicans and Democrats doesn’t mean that the people who actually DO think for themselves don’t see a gigantic difference between the two parties.

    There’s no question that Republicans could have been a lot better in the past. And there’s no question that they won’t be perfect in the future. There’s also no question that the only thing worse than Republican control is Democrat control – and the American people are starting to understand that fact in larger and larger numbers.

    If you want a fluffy poodle blog that stands for nothing and doesn’t take a stand, don’t come here, because I take a stand in every single article. And if you want a rabid attack blog that just goes after everybody without thinking and without regard for taking a consistent stand on one side or the other, don’t come here, because I take a consistent conservative stand.

  3. Lee McLaurin Says:

    From the administrator.

    Lee,
    After about your fourth F-bomb I quit reading. I’m not going to post something so full of profanity. Try to show some minimum level of class next time.

    Not that it was worth wasting my time reading even sans F-bombs.

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