USA Inc: Broke

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Democrats will continue to try and claim that the budget is not broken, and everything’s fine. This is clearly not the case. Power Line Blog highlights the most important parts of the “USA Inc” presentation.

The bottom line is that entitlement spending—Social Security, Medicare, and Medicaid—are bankrupting us. There is no light at the end of the tunnel. We either start cuts now, or we face an even more severe future.

There is simply not enough money to afford any socialist program. You can’t take from one and give to another. It never works, it never has, and it never will.

The only system of wealth creation is the free market. Let people come together in their seemingly random ways and allow them the opportunity to bargain and negotiate and set their own future. Let the natural consequences of their behavior follow. Allow us to learn and grow in the school of hard knocks, and when we succeed, allow us to keep what we have created from nothing.

We can either scale back these entitlement programs and give our seniors a soft landing, or we can let reality come crashing down on us like it did in the 2000 dot-bomb crash, or the 2008 housing crash, or the innumerable crashes yet to come due to government interference in the marketplace.

The “soft landing” is considerably harder than it would have been if we had properly reformed the entitlement programs in the 2000’s under Bush, or the 80’s and 90’s under the Reagan, Bush, and Clinton administrations. But we didn’t, so the choice is even more severe now.

Those who are advocating cutting back on the entitlement programs are doing so for the good of the elderly.

Those who advocate the status quo are asking for us to do to the elderly what the housing crash did to homeowners.

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