Mon, 26 March 2012
Triple Lutz Report--The Ryan Budget-Just Moving Around the Cushions of the Titanic's Deck Chairs--Episode 176
Wisconsin Congressman Paul Ryan released his budget last week. At first blush, it appeared to be a substantial move in the right direction. It cut spending while decreasing taxation. But the reality is that his budget completely misses the mark. It is still a redistributionist plan that forcibly takes money from the producers and almost as lavishly bestows it upon the beneficiaries. This budget takes less and consequently gives less. In the final analysis, the budget doesn't go nearly far enough to help restore confidence in the rapidly deteriorating status quo.
A fiat currency that can be created by the click of a mouse is what facilitates the ever expanding scope of government and the quickly evaporating purchase power of the once almighty dollar. The results of these policies can lead to nothing but global financial collapse, and we can already see the storm clouds on the horizon. Enslaving the current and future generations with debt is a surefire recipe for lower standards of living and a declining culture. One can only try to be prepared for the inevitable chaos.
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