Socialism’s Freebies – Free for Whom?

Socialism’s Freebies – Free for Whom?


WAS I IN HERE LAST NIGHT
AND DID I SPEND A $20 DOLLAR BILL? YEAH. OH BOY, WHAT A LOAD
THAT IS OFF MY MIND. I THOUGHT I HAD LOST IT. YOU KNOW WE COULD SAY
THEY SPEND LIKE DRUNKEN SAILORS. BUT THAT WOULD BE UNFAIR
TO DRUNKEN SAILORS. BECAUSE THE SAILORS ARE
SPENDING THEIR OWN MONEY. WHEN IT COMES TO DEBT AND
TO WASTEFUL SPENDING, NO FAMILY OR INDIVIDUAL
CAN JUST SPEND MONEY AD INFINITUM WITHOUT EVER
HOPING TO PAY IT BACK. BUT OUR GOVERNMENT HAS
BEEN DOING THAT FOR DECADES. IN THE LAST 30 YEARS,
AMERICA HAS GONE FROM THE LARGEST CREDITOR NATION IN
THE WORLD TO THE LARGEST DEBTOR NATION
IN THE WORLD. WE ARE THE MOST IN DEBT
NATION IN WORLD HISTORY. THE NATIONAL DEBT IS A
MORAL ISSUE, BECAUSE IT IS AFFECTING EVERY MAN,
WOMAN, AND CHILD IN THIS COUNTRY. WE’RE AT A VERY DANGEROUS
POINT NOW WITH THE ESCALATION OF DEBT
IN OUR COUNTRY. WE’VE NEVER BEFORE SEEN
THIS LEVEL OF DEBT. TODAY, THE AVERAGE
AMERICAN OWES $200,000 ON THE NATIONAL DEBT. WHEN YOU ADD UP THE
UNFUNDED FEDERAL NET LIABILITIES, THOSE ARE THE
UNFUNDED LIABILITIES FOR THE ENTITLEMENT PROGRAMS,
MEDICARE, SOCIAL SECURITY, MEDICAID. WE’RE BUYING OUR OWN DEBT. AND SO WHEN YOU MONETIZE
IT, YOU’RE BASICALLY PRINTING THE MONEY
TO BUY YOUR DEBT. NOW, SOUNDS COMPLICATED
BUT IT’S THIS IDEA THAT THERE’S ONLY SO MANY
DOLLARS THAT ARE IN EXISTENCE AND IF YOU
DOUBLE THE MONEY SUPPLY, YOU PRINT TWICE AS MANY
DOLLARS, EVERY DOLLAR THAT’S IN EXISTENCE IS NOW
EFFECTIVELY WORTH HALF. THE TRAGEDY OF RUNAWAY
GOVERNMENT DEBT IS THAT ULTIMATELY IT CAN LEAD
TO HYPERINFLATION. THE GOVERNMENT PRINTS SO
MUCH ON PAPER OR BY ADDING ZEROS ON THE COMPUTER, AND
MONEY LOSES ITS VALUE- THIS IS ESPECIALLY
HARD ON THE POOR. THAT’S THE PROBLEM. IT HURTS PEOPLE MOST OF
ALL ON FIXED INCOMES, BUT IT HURTS EVERYBODY. CAUSE IF YOU MAKE
INVESTMENTS BASED ON WHAT THE DOLLAR’S WORTH TODAY,
AND THE DOLLAR INFLATES, THEN YOUR INVESTMENT ISN’T
WORTH WHAT YOU THOUGHT IT WAS. IT’S A VERY IMMORAL WAY TO
TAX PEOPLE WITHOUT THEIR KNOWING THEIR BEING TAXED. WE HAVE TO CUT SPENDING
AND WE HAVE TO CUT TAXES TO STIMULATE THE ECONOMY. IF YOU CUT TAXES AND
STIMULATE THE ECONOMY, YOU’LL HAVE MORE REVENUE
COMING INTO THE FEDERAL TREASURY, BUT YOU DON’T
WANNA RAISE TAXES, TO CUT THE DEFICIT, BECAUSE THAT
JUST FEEDS THE MONSTER. THAT ENCOURAGES CONGRESS
TO SPEND MORE, IT ENCOURAGES THE BUREAUCRATS
TO CREATE MORE PROGRAMS. THE NATIONAL DEBT IS
CURRENTLY UP TO 21 TRILLION AND COUNTING. IT MORE THAN DOUBLED
UNDER PRESIDENT OBAMA. BUT KEEP IN MIND THAT
DURING MUCH OF THAT TIME, THE REPUBLICANS
CONTROLLED THE HOUSE OF REPRESENTATIVES. UNDER THEIR TENURE,
THE DEBT INCREASED SIGNIFICANTLY. AND SO, THERE’S A LOOMING
FINANCIAL CRISIS IN AMERICA IF WE DON’T
CURB THIS PROBLEM. THE UNITED STATES CANNOT
PAY BACK ALL THE DEBT THAT IT IS ISSUED. SO IF WE RAISE
EXPENDITURES, WE’RE GOING TO INCREASE DEBT, ONLY
SHORTENING THAT PERIOD THAT WE HAD BEFORE A
FINANCIAL CRISIS UNFOLDS. AND THE UNITED STATES IS VULNERABLE TO A FINANCIAL COLLAPSE BECAUSE OUR ASSETS CANNOT SUPPORT OUR LIABILITIES. OUR FIRST PRESIDENT
WARNED AMERICA ABOUT IRRESPONSIBLE SPENDING
AND RECKLESS DEBT. IN HIS FAREWELL ADDRESS 1796,
GEORGE WASHINGTON SAID YOU KNOW WHEN I FIRST CAME
TO WASHINGTON IN 1983, THE NATIONAL DEBT WAS A LITTLE
UNDER $2 TRILLION AND I’M JUST AGHAST AT HOW MUCH
OUR COUNTRY HAS FALTERED OVER THE LAST
2 OR 3 DECADES. SO I THINK THIS IS AN
EXTRAORDINARILY DANGEROUS SITUATION. IF IT’S DANGEROUS NOW,
IMAGINE IF THE NEW SOCIALISTS IN CONGRESS
AND IN OTHER PLACES OF GOVERNMENT GET THEIR WAY. FOR EXAMPLE, THEY WANT
FREE MEDICARE FOR ALL, FREE COLLEGE TUITION FOR
ALL, WITHOUT A REALISTIC WAY TO PAY FOR
THESE THINGS. THIS WOULD REQUIRE
THEM RAISING TAXES. THERE’S AN ELEMENT WHERE
YEAH PEOPLE ARE GOING TO HAVE TO START PAYING
THEIR FAIR SHARE IN TAXES. THE NEW SOCIALISTS IN
CONGRESS ARE LIKE THE OLD SOCIALISTS IN THAT THEY DO
NOT UNDERSTAND ECONOMICS. THEY WANT TO SPEND MORE
MONEY, AND HAVE NO PLAN OF FINANCING THOSE
EXPENDITURES. BUT SOMEONE MIGHT ARGUE,
“IT’S THE CHRISTIAN THING TO DO.” THAT IS, TO USE GOVERNMENT
MONEY TO HELP THE POOR AND THE DOWNTRODDEN, EVEN
IF IT LEADS TO MORE GOVERNMENT DEBT. I ALWAYS LAUGH AND
SOMETIMES FROWN WHEN PEOPLE SAY THE CHRISTIAN
THING TO DO IS TO CONTINUE TO SPEND MONEY RECKLESSLY
LIKE WE ARE DOING NOW. MILTON FRIEDMAN TAUGHT US,
YOU KNOW MILTON FRIEDMAN WAS ONE OF THE GREAT
ECONOMISTS OF THE 20TH CENTURY, MAYBE THE
GREATEST ECONOMIST AND HE TAUGHT US IF THE GOVERNMENT SPENDS A
DOLLAR, THAT DOLLAR HAS TO COME FROM SOMEBODY
OR SOMEWHERE. YOU KNOW IT’S NOT AS IF
THERE’S SOME KIND OF TOOTH FAIRY WHERE THE GOVERNMENT
CAN JUST CREATE MONEY AND CREATE WEALTH. THE REAL PROBLEM HERE IS
PEOPLE SAY OH IT’S SO CHRISTIAN TO BE SPENDING
ALL OF THIS MONEY ON ALL THESE PROGRAMS AND I SAY
WAIT A MINUTE WHO’S GONNA PAY THE COST. ISN’T IT CHRISTIAN TO CARE
ABOUT YOUR KIDS AND YOUR GRANDKIDS? OUR FOUNDERS WERE WILLING
TO SACRIFICE THEIR PROSPERITY FOR
THEIR POSTERITY. THEY PLEDGED THEIR LIVES
AND THEIR FORTUNES AND THEIR SACRED HONOR FOR A
GENERATION YET UNBORN. TODAY, WE’RE SACRIFICING
OUR POSTERITY FOR PROSPERITY AND SADDLING
OUR KIDS WITH AN UNPAYABLE DEBT SO WE CAN MAINTAIN
OUR STANDARD OF LIVING. AND, THAT’S THE THING THAT
CONCERNS ME WHEN PROVERBS 13:22 SAYS “A GOOD MAN
LEAVES AN INHERITANCE TO HIS CHILDREN’S CHILDREN,”
RIGHT NOW WE’RE NOT LEAVING A VERY
GOOD INHERITANCE.

2 thoughts on “Socialism’s Freebies – Free for Whom?

  1. GOD SAYS THAT ONE DAY THE ONLY WAY TO SELL AND BUY WILL BE WITH THE MARK OF THE BEAST THIS MUST HAPPEN FOR THE WORD OF GOD IS TRUE AND HOLY

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