Unsustainable Debt As Far As The Eye Can See

SEE HERE The problem with debt is that it has to be paid back. The problem with government is that it pays its debts with other peoples' money and has almost no checks and balances to impose fiscal restraint. That made me think about Maggie Thatcher, the former Prime Minister of the United Kingdom from 1979 to 1990. She was a wise lady and feisty, both characteristics I admire in both men and women. The quote I was thinking of was "The problem with socialism is that eventually you run out of other people's money" This seemed appropriate for the spending spree we're seeing since Obama came into office. Any excuse seems good enough to run up a tax, a fee, a bait and switch scheme like "Cap and Trade" and to spend trillions we don't have and if it doesn't do what was promised, spend trillions more. So when I ran into this second quote from Maggie Thatcher I thought, "spot on" — it applies to.

She said "Socialists cry "Power to the people", and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State." That is what we are fighting today and if we lose the fight it may be generations before we are again free men and women. SEE HERE