Folks... if this essay wasn't worth your time... I wouldn't
be posting it!
Sometimes societies find themselves in pernicious cycles
in which the perceived medicine seems worse than the known disease.
The Roman satirist Juvenal lamented the ill effects of
free food and free entertainment for the masses (“bread and circuses”) in part
because he knew there was no remedy for the pathology in sight - and thus only
a slow decline toward fiscal insolvency or riots were on the horizon. (Any
Roman emperor bold enough to rein in the Praetorian Guard, charge the mob for
grain, and curb gladiatorial shows would earn a usurper marching on Rome from
the provinces. So most did not.)
When Ronald Reagan sought to end the so-called misery
index, he knew that higher interest rates, tax cuts, and efforts to prune
entitlements would in the short term lead to higher unemployment, more
deficits, slower growth — and growing unpopularity. His recovery came just in
time for the 1984 election; just a year earlier Reagan had been demonized as a
heartless bastard who had strangled the economy for the benefit of the rich.
(*NOD*)
We are currently mired in the slowest recovery from any
recession in our modern history - and we face the same circular dilemma.
A good argument could be made that President Obama’s
gargantuan new health-care initiative, federal takeovers of businesses and
failed subsidization of green industries, vastly expanded food stamps,
unemployment insurance, and disability insurance, and “You didn’t build that
business” boilerplate have ossified the private sector.
Many businesses have plenty of cash, but their owners are
terrified to risk much of it in hiring, buying, or expanding. This results in
fewer jobs and slower growth - and again, in this squirrel cage of an economy,
yet more "need" for entitlements.
How to break the cycle of less money coming in, ensuring
more money going out? Curbing entitlement spending is critical if we are to
rein in debt and foster initiative, but in the short term such sobriety will
raise howls of protest from those who are hurting and the legions invested in
administering their entitlements.
Business incentives are needed to spur growth, but may
spike for a time our already unsustainable deficits.
Vast new investments in energy production could create
real wealth and millions of jobs - but not without eliciting environmental
hysteria.
Raising interest rates slightly would restore some of the
dollar’s value and allow savers to earn something more than the present
pittance on their deposits - but it would anger those who are already deeply
indebted.
The federalization of the private sector, the constant
talk of higher taxes, the demonization of the entrepreneur, and the war against
the gas and oil industries seem to ensure an ossified economy that guarantees,
in turn, a need for more entitlements that, in turn again, only raise the deficit
and slow down the economy further - in a self-perpetuating cycle that cannot be
stopped and yet cannot go on.
(And yet... it can go on for a while longer on borrowed
money to the benefit of those invested in receiving from big government.)
Given human nature, societies never voluntarily reduce
entitlements. That is the subtext of much of the critique of popular democracy,
beginning with Plato and Aristotle.
It will do no good to note that before the 2006 Medicare
prescription-drug benefit, Medicare recipients felt that payouts were already
generous. It will do no good either to note that the country once felt that its
Social Security disability program was humane enough without 85,000 new
enrollees each month.
Nor would it be wise to remind Americans that vast new
improvements in technology - from laptops, cell phones, and flat-screen TVs to
new prescription drugs - have made life far less harsh and far more
entertaining than at any time in the past.
(Tell today’s Kia owner that his car is far more
comfortable and reliable than the rich man’s Mercedes of the 1970s - and he is
still upset that someone else has the money for a new Mercedes right now.)
Appetites are never judged by an absolute standard, only
by a relative one — as “cuts” to entitlements that draw hysterical invective
almost always prove to be cuts in the rates of increase.
(*SIGH*)
Political suicide would follow any frank reminder that
the present level of entitlements leads to bankruptcy. Or that we could easily
prune back the welfare state and yet still live far more lavishly than we did a
decade ago — given the vast rate of growth in federal spending and the
explosion in technological progress.
Actually... I don't believe this. The thing is... if...
God willing... Romney and Ryan win... they're gonna have to hit the ground
running - just like Reagan did - and suck up the short-term political pain as
the price for long-term success.
We see the symptoms everywhere of a political discourse
that has nothing to do with reality. Agribusiness and its apologists in an age
of record farm prices insist that growers will perish without direct crop
subsidies.
And as I've said before and I'll repeat now: Romney-Ryan
must campaign against CONGRESS with as much sincerity and anger as they
campaign against Obama and the Democrats. The system is the enemy!
We are lectured that the inner-city impoverished go to
bed hungry, even as a greater number suffer from obesity; the administration
cannot decide whether overeating or starvation plagues the underclass.
(*SMIRK*)
Poor flash-mobbers rarely go after bulk foodstores when
they can loot pricey sneakers and electronics.
(*SNICKER*)
Entire industries exist to figure out how to sign
parents’ assets away to their heirs so that the instantly impoverished mom and
pop can receive free government nursing-home care.
Folks... you know that's true! You friggin' know that this is absolutely
true!
Again... folks... the system is broken... the tax code is
broken... Congress as an institution is broken... and Romney-Ryan need to
explain all this to the American People as a prelude to taking action to save
us from ourselves!
Police, firefighter, and non-combat military pensions and
benefits are considered sacrosanct and are a third rail to anyone foolish
enough to question them — even though the all-night 7-Eleven clerk, the freeway
construction-crew member, and the private security guard are far lower paid,
may face as much danger, and as taxpayers are expected to fund compensation for
others that they could never dream of for themselves.
Yep. It's insane.
Pious professors and administrators hector the public
about the value of a college education and worry little about creating newly
indebted generations who will never attain the lifestyle of those professors
and administrators whom they subsidize.
(*NODDING WITH A SMIRK*)
Our salvation lies in a group of politicians who will
balance budgets, put entitlements on a fiscally sustainable basis, and remind
Americans that in comparison with our predecessors — who gave us much of what
we enjoy — we live amazingly prosperous lives.
Yes!
If history is any guide, such frankness will never
happen. Financial implosion, not prudent correction, is the usual remedy for
reckless expenditure.
(*SIGH*)
In that regard, the president has offered $5 trillion
more in debt, rather than a way to reduce the $11 trillion debt he inherited.
As gas hits $4 a gallon, he talks about tapping oil
reserves that others invested in, rather than using vast new finds of oil and
gas on federal land.
He has borrowed to fund more food stamps, unemployment
insurance, and disability entitlements although we could not pay for the
existing recipients.
All true, folks... all true... (And folks... rarely have
the Republicans in Congress fought him.)
(*SIGH*)
Remember the Nika riots, which followed the naïve emperor
Justinian’s efforts to trim Byzantium’s bloated civil service.
Uh... no... but I'll take the author's word for it;
certainly I get the point.
The triggers for the revolutions of 1848 included the
cancellation of social workshops for the poor that just months earlier had
never existed.
(*NOD*)
Postwar Britain demanded nationalization of industries,
national health care, and greater worker compensation, which ensured that
Britain would soon be out-produced by war-flattened Germany and Japan.
(*JUST SHAKING MY HEAD IN SADNESS*)
Reagan’s air-traffic controllers preferred to lose their
jobs and endanger travelers rather than face wage restraints.
(I grew up with large farmers swearing that the end of
cotton allotments and pay-not-to-farm set-asides would mean the end of them.)
The strangest thing of all?
Yes... go on...
Americans watch both parties demagogue proposed cuts in
Medicare, knowing full well that the present rate of expenditure cannot go on —
and yet they are fully prepared to blame those who agree with them and reduce
the rates of yearly increases.
(*PURSED LIPS*)
Maybe. But maybe not. Perhaps when push comes to shove -
if actually talked to as adults and not children - enough presently ignorant
voters could be educated and made to act in their own true long-term interests
and the interests of their children and grandchildren. At least it's worth a
shot!
In other words, we know that we are doomed on the present
course; we oppose those who agree and take action to avert it; and yet we might
someday praise them for saving us after we did all we could to destroy them.
Again... I suggest telling the truth. (After all... these
bastards have tried everything but!)
One wonders whether we have any leaders who wish
to save the country even if it means endangering themselves.
No comments:
Post a Comment