Posts Tagged ‘Bailouts’
Bailouts Spoil Your Apex
Turn on any TV show that has some interaction with public sector employed characters and you will get a narrative of shrinking public sector budgets leading to financially strangled public sector employees. Two episodes in a row of the SyFy show “Warehouse 13″ have characters employed in the public sector who bring up budget cutbacks. This TV show is not unusual in this depiction as it is very common to hear the narrative.
Specifically in the world of public education, media narratives of financially smitten educators abound. Congress comes back from recess for emergency funding to support the budgets of locally run districts. The president gives speech after speech with backdrops of teachers in an effort to get wide support for the plight of the starved teachers.
Many states and school districts have managed their affairs into the toilet. As a result of that and the economic environment, money for the public schools is said to be tight. You and I can, through our local school boards, attempt to fix our local problems, but we cannot effect one bit the decisions of some far off locally run education system. Yet, the argument from the president and other socialists is that we must pay for those far off districts and boards none the less.
Obama says that our kids will not get the education that they desperately need, because the sainted teachers will not have the money to come back and teach this year. Our kids will suffer without an education. In the spirit of this gushers and bailouts presidency and congress, we must give whatever our hopes are for our money to pay for the aims and designs on our money for the teachers and their unions. This is nothing but another bailout for those communities that have screwed themselves over with bad management on the backs of those who haven’t.
What is the point?
The national debt, contributed to by this bailout mentality is climbing and climbing. The deficit is rising. The private sector is shrinking. The government mentality is to consume and consume the surplus and non-surplus of the private sector and put off the payment to an undefined later date. Well who is going to pay later?
The debt and deficit will be reconciled by higher taxes and inflated-away savings values. Those are the only two ways this can be resolved. Unless there is an epidemic that kills off the current working generations, the current working generations will pay in shrunken retirements and shrunken pay before they retire. Still, they are not the only ones that will have to pay. The ones that will supposedly suffer by the lack of teachers are the ones who will pay later for debt today.
Anyone who has lived in a country with runaway inflation can tell you of the value of an education in such an environment. Yes, you may have a slightly larger edge over those who don’t have an education, but it is an edge that makes you king of the trash heap. Education in a hyper-inflation environment has very little effect on your ability to raise yourself out of poverty. There are no examples in history where people in mass could do anything but leave their country or revolt to change their personal situations in mass when presented with such a circumstance.
So, again, what’s the point? If bailouts like the current one for local education lead to monetary collapse, one cannot raise by any means himself from such a collapse, what is the point of having an education payed for by bailouts?
Imagine that social mobility from incapable and poor to capable and well off is an old-time water wheel. As new water runs down stream past the paddles, the wheel turns. The part of the wheel that was under water is soon the part at the apex of the rotation. When there is freedom in the system, with a stable currency and manageable expenses, each part of the wheel can one day be at its own apex.
The American dream is that from even underwater means, one can rise to his or her own apex. We can be successful with that talent and hard work with which we have been blessed to possess or perform. That mobility it provided by a system with freedom in the rotation of the shaft on which our wheel turns.
When hyper-inflation kicks in, runaway taxation ensues, and the other burdens caused by the bailout mindset become evident, the rotation of our water wheel stops as though a tree branch is thrust in the spokes or the bearings have seized up. No amount of running water can push the wheel. You can work hard, you can work smart, you can educate yourself, but nothing pushes your wheel. You remain underwater. Underwater becomes your apex.
So, what is the point of bailing out education systems that will educate for a future where education does nothing to push your wheel? We might as well all be illiterate in the rice fields.
Letter to Senator Hatch About Donations and Voting
The following is a letter that I emailed to Senator Hatch after learning of his vote to squash a filibuster on the issue of qualifications of Obama federal court Nominee, David Hamilton.
Dear Senator Hatch,
A few days ago, I got a request for donations from the republican party with your name on it. I put it through my paper shredder. If you are not afraid of my vote then maybe you’ll be afraid of my refusal to donate. I did this because the Party continues to not understand who its base is. In NY-23, Scozzafava may have been chosen by the local Republicans, but the national party tried to shove her down our throats. Endorsements from Gingrich and others was an attempt to legitimize her with Republicans, even though she was for card check, gay marriage, unlimited taxation, and was endorsed by ACORN affiliates. My thought when I shredded your donation request was, “Republicans have to clean up their act before I will subsidize it.”
The wisdom of doing this has been confirmed by the fact that YOU voted to squash debate on David Hamilton’s qualifications. While Republicans had the majority, you did not stop filibusters on judges though you could have with the nuclear option. Now in the minority, you vote with the democrats to stop filibuster attempts.
Senator Hatch, the judiciary is the only thing, the one and only thing holding back this Marxist takeover of our country. No longer are the Marxists even hiding who they are. They praise Mao, appoint communist Czars, and quote Marx himself. And you vote with them to stop a filibuster on a man who believes that the constitution is clay in the hands of an Empathetic Judge? How about empathy for the person going before the court expecting to be able to predict the law because it is written down? How about empathy for those that would like this to be a country governed by laws and not men?
Last year I wrote reprimanding your vote for the bailout bill. You wrote me back, justifying it. Do you know when I received the letter in the mail? On the election night of Barak Obama. And who was right about the wisdom of that bill? I was. Look at the damage that Bill and the mentality behind it has caused. Sir, you must have principle if I am to vote for you and support you financially. STAND FOR SOMETHING! You and the Republican party elites don’t stand for anything, unless 10 feet behind the democrats on the same downward slope to Marxism is a stance.
You have to drop Keynesianism and appose the Marxism. A compromise on principle is like a compromise in a ship. You cannot compromise with this flood.
NY-23 showed us that we do not need the Republican party. An independent with little funding and little on-the-ground organization got within 3 points and maybe even less once the votes are certified.
I will never vote for a statist democrat on principle and will put up with only so much statism in Republicans. If I have to vote for the constitution party or a libertarian to explain my dissatisfaction with your statist-light voting, I will. The Dems may gain ground, but it will be your fault for not standing tall, not mine.
Remember, before Abraham Lincoln there was total control of the 3 branches by the Democrat populists (looting the public coffers and oppressing whole segments of the population for their own gain). That changed in sweeping victories over the next 10 years. If I have to bid farewell to a party with such a noble past because of the non-courageous leaders letting it sink into statism-light, I will bid it adieu. America may become statist in nature, but it will not be by the party or platform I support.