or secession and the obligatory Civil War....
“The America of my time line is a laboratory example of what can happen to democracies, what has eventually happened to all perfect democracies throughout all histories. A perfect democracy, a warm body democracy in which every adult may vote and all votes count equally, has no internal feedback for self-correction. It depends solely on the wisdom and self-restraint of citizens which is opposed by the folly and lack of self-restraint of other citizens. What is supposed to happen in a democracy is that each sovereign citizen will always vote in the public interest for the safety and welfare of all. But what does happen is that he votes his own self-interest as he sees it which for the majority translates as Bread and Circuses.
Bread and Circuses is the cancer of democracy, the fatal disease for which there is no cure. Democracy often works beautifully at first. But once a state extends the franchise to every warm body, be he producer or parasite, that day marks the beginning of the end of the state. For when the plebs discover that they can vote themselves bread and circuses without limit and that the productive members of the body politic cannot stop them, they will do so, until the state bleeds to death, or in its weakened condition the state succumbs to an invaderthe barbarians enter Rome.”
Robert A. Heinlein
Yes, he is.
And the dims in power are racing our country toward obmageddon and think this won’t affect them.
The American job machine doesnt start until someone in DC grabs a history text and starts reading about Warren Harding...and acting on it.
Warren Harding figured it out in 1920...
Congress and the Executive Branch have lots to do.
So far theyre not doin it right..
Its been done before..
Harding cut the governments budget nearly in half between 1920 and 1922. The rest of Hardings approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserves activity, moreover, was hardly noticeable. As one economic historian puts it, Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction. 2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.
http://www.firstprinciplesjournal.com/articles.aspx?article=1319&loc=r
BTW..ole Warren ALSO fixed immigration...
Mr. Harding signed into law the Emergency Quota Act[3] which sought to control immigration following World War I and preserve the distinctive American culture by ensuring the majority of immigrants came from the historically compatible cultures of Northern Europe. This law aimed to bring wages of hard working Americans under control by limiting immigration to 3% of the 1910 census. It was followed on by a similar act in 1924, after Mr. Hardings death.[4]
A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy. However DC would have to yield on a tremendous amount of power. Our job as We the People...is to persuade them of the utility ..shall we say..of doing so. In all probability the same minds that made the mess...arent capable of the solution however.
BTW any takers that Bammy couldnt even tell you that Warren Harding was one of his predecessors in office?
Even more telling about what our betters in the RinoCracy think of a Constitutional President..
http://www.usnews.com/listings/worst-presidents/warren-harding
Unfortunately, he is entirely right, and you can even see why on FR - just read the Social Security and Medicare threads. And then there are those who cling to their “free” single-payer” government school system welfare program...
It was the Communist plan in 1934. It is 0bamas Communist plan today.
- Our citizenry has become accustomed to believing that it's our birthright to have world class housing, education, retirement, food, healthcare etc. etc. etc. simply by virtue of being born in the USA.
- The systems and institutions that made us great are breaking down past the point of rehabilitation. These include the family, education, government, law, finance, politics, collective moral ethos, business, entertainment.
- We have an electorate that is - quite frankly - stupid and immoral. Critical, objective thought has gone to the wind, as has education and civic aptitude. When most of the population don't know who their vice president is or can't name a single amendment in the Bill of Rights.
- Last but not least, as this author points out, WE'RE COMPLETELY BROKE. Yet spending and financial obligations are increasing exponentially.
It's not going to end well.
The political process isn't going to fix the social problems or the economic problems. I'm paying attention to the 2012 races and I'll most likely vote, but it's just a habit now. I don't think there is a solution down that path.
Government charity was a mistake. We should never have allowed anyone to become dependent on government handouts. Personal responsibility is the key to any well-functioning system.
The encroachment by the federal government into the affairs of the sovereign states was a mistake. A powerful central government is the enemy of Liberty.
The levels of debt under which we now labor cannot ever be reapid. They can only be cancelled. Debt is slavery. The government should never be allowed to make us slaves.
Government regulation of business sure sounds nice when you first hear about it, but in practice it hurts more than it helps. If you wants jobs and economic growth, you need to push government out of the way. Government is a detriment to good economics.
-More government
-More deficits
-More debt
-More control
No society in history has ever re-traced. There is only one direction, and that is straight ahead until a wall is hit. Only until after a reset point is reached is there any chance for personal liberty to restored.
So bet on the "Four Mores" above. We won't have a hard default; rather, it will be controlled inflation. That way, the existing status quo remains in power. Welfare, Medicare, SS, the whole gamut of fed/state programs will remain in effect. It's just that their payouts will be pennies on the dollar. Same true for any savings denominated in dollars - all going to -0-.
And if you don't like it, so what? That's what the force of law is all about. Try to get out, try to protect your investments. You'll find out soon enough you actually live in a prison.
Probably true unfortunately but this applies to the EU nations too. Gold is up today and this is a further vote against USA & European nations solving problems rationally fairly without collapse. Canada and Australia and New Zealand will not collapse
Agree 100%, these people are delusional, it’s going to take the cold shower of reality to wake them up.
Sadly, I agree.
The author is right except where he makes a prediction saying that something “will” happen and call it a “fact”.