Europe’s Debt: America’s Crisis? – Big Government


ultimately a vast majority of current elected officials are career politicians, and they want to keep their job. And if the public pressures them to act and holds them accountable for failing to act, then they will ultimately change… because many of their top priorities is to keep their job. There are a number of common denominators between countries, and some of the challenges that exist at the federal, state and local level here in the United States. In many cases, governments have grown too big, promised too much, and waited too long to restructure. I think we just don’t know how to use money. I know that people my age never expect to get Social Security benefits. Hopeful, but I wouldn’t say very optimistic. A lot of people claim that the problem is still the slack capacity, unused workers. Why not just increase demand, employ all those workers; put those factories back to work… Well, it’s important to look at the cases that actually have been working. For example, take Sweden. We have decreased taxes, we have deregulated, and we have cut down on government spending and in 2011 we made a budget surplus of 10 billion dollars. A single data point, right? Look at these other countries: Greece, Spain, Italy – they’re all depressed. The problem is slack capacity… excess capacity….too many workers unemployed. Let’s put ’em back to work. How do you get workers back into the employment ranks? You gotta increase demand for what they do. The only way to increase demand for what they do is for government to spend more, because the private sector isn’t doing it. Well, this is the things that Keynesians always say: Just pump more money into the economy. But it’s important for us to look at all those times we have implemented these kinds of theories and the results have always been devastating. Japan in the 90s, the U.S. in ’01 and ’08. What we do need is free man, free markets and productivity. We as persons are good, we can create things. But we can’t do it when we are… buried under a burden of government regulations.

5 Replies to “Europe’s Debt: America’s Crisis? – Big Government

  1. "The problem of slack capacity. Too many workers unemployeed. Lets put them back to work. How do you get workers back into the employment ranks? You gotta increase demand for what they do. The only way you increase the demand for what they do is for government to spend more because the private sector isn't doing it"

    If you have a bunch of unemployeed workers, then reduce tax and regulations, and eliminate the minimum wage and welfare. There, full employment.

    The function of the government is one thing only: to protect the liberties of the individual. Nothing else. You are entitled to nothing. If the government does anything more than protect the liberties of the individual, then it ends up violating the liberties of the individual.

    It is wrong to take from one in order to give to another.

    [Why is it that libertarianism always has the solution and the moral highground? It's amazing!]

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