Let's Maybe CREATE Some Wealth

NolanChart.com:

"The flaw in all this (economic bailout) is that we fail to create wealth. We strive as individuals and as a society to be prosperous. Wealth creates prosperity but freedom creates wealth. To be prosperous, we must have the freedom to gain or lose wealth. That freedom, given to us by our Constitution, in 200 years, created more prosperity (AND respect AND charity) than the previous 5,000 years combined! Now, we find ourselves in a position where we are about to forfeit that freedom and prosperity.

Government has the obligation and authority to relieve us of a bit of our wealth, WITH OUR PERMISSION, to provide services for us. In doing so, it creates no wealth, which, by the way, is why the 'service economy' is a myth.

Wealth is created when one purchases a good or service with his or her own resources and free-will, not when it is done under force of law or with resources of another. Simply put, over time, government has created trillions of dollars of false prosperity under force of law and creation of debt, both public and private."

Plain and simple, folks. And here's more:

"Many say debt drives capitalism. NOT! Profit drives capitalism, plain and simple, however when debt is encouraged or sponsored under force of law, well, you get the picture. When profit becomes subject to confiscation, then capitalism, wealth and prosperity grind to a halt. Many say we are witnessing the end and failure of capitalism. This is possible, but not without the fatal intrusion of socialism.

With (just) Federal debt approaching $11 trillion ($33,000 per breathing American), unfunded Federal entitlements approaching maybe another $42 trillion ($125,000 per breathing American), one must wonder if we can recover. Is it not obvious that more government is the wrong answer? Oh well, this should come as no surprise. Our situation can be summed up in a quote attributed to Alexander Tytler, though never found in any of his writings as follows:

'A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy.'"

Sadly, amen.