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December 10, 2012

Re: 'A Nation of Takers Hurtles Toward the Fiscal Abyss'

Topics: Political News and commentaries

As Bruce Thornton's piece makes perfectly clear, Barack Obama is not interested in heading off the fiscal disaster. Rather, he is taking the old progressive dream of income equality through the redistribution of wealth to a whole new level. Unfortunately, for many of us now, and especially for future generations, that dream will be a nightmare of bankruptcy at home and compromised national security abroad.

As for the traditional American character of "fierce and principled independence" and "proud self-reliance," an "affinity for personal enterprise and industry" and a "horror of dependency and contempt for anything that smacked of a mendicant mentality" ... well, Obama's reelection makes certain that this is all, once and for all, going into the same trash bin as our fiscal solvency and national security.

Bottom line: Alexis De Tocqueville warned us long ago that our democratic republic would only last until people figured out they could vote themselves everyone else's money. Unfortunately, under Barack Obama we've now reached that tipping point where welfare spending per day exceeds that of household median income ... and he's just been given four more years to make the situation much much worse.

Related: Under Obama, Economic Stagnation Is the New Normal

Posted by Hyscience at December 10, 2012 9:46 AM

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