Ron Paul constantly reminds us that money is created out of thin air, which is to say it’s an illusion. Therefore, the debt must be an illusion too, correct? Yet, fiscal conservatives still use the debt as a tool of fear to make budget cuts that they selectively deem expendable.
Sure, they may think these cuts make them look “responsible,” but ultimately it is still collectivism — just more on their terms. Make no mistake; budget cuts in our corrupt systems are just another form of wealth redistribution. After all, that money is being eliminated to pay off the debt, right? Thus, that money is removed from programs that employ people to pay off the issuers of credit (banks).
Additionally, the costs of the national debt, bank bailouts, war costs, and unfunded liabilities are fundamentally impossible to pay off. So, the notion that cutting a “historical” $100 billion will have any positive affect on the long-term economy is absolute fiction. And although many conservative lawmakers feel like it’s the right thing to do, they know it will have no measurable affect on the debt. It’s a scam, and if the history of modern lawmaking is any indicator, the establishment will surely stick it to the poor and middle classes with these cuts while the oligarchs continue to flourish.
Don’t get me wrong; I am in full agreement with the philosophy of less government across the board. The fact that taxpayer funded subsidies, earmarks, foreign aid, and most domestic spending warps the free market is undeniable. In turn, this collectivized system has become so entrenched that determining genuine price discovery of anything is nearly impossible. This lack of price discovery deters private investment into the economy, which leaves the state as the primary economic driver.
When an economy is fundamentally bankrupt and no longer has a competitive productive capacity, government spending is the only thing propping up the economy. However doomed the system may be, government spending does indeed represent jobs. For example, even the flabby-assed NSA peon who is monitoring Internet activists all day still eats lunch, gets his lawn mowed, paints his house, raises a family, etc. In other words, his needless job creates other jobs and supports other economic activity in the matrix. So, if you cut his position, which I fully support doing, you bring economic hardship on him and the countless people his income contributes to. This is simply a fact, and if the lost job isn’t replaced in the private sector the economy will further contract.
Read the Rest Via:ActivistPost