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Common Sense from a Canadian -

The Nanny State Has Blown the Bank

By David Warren

In France</SPAN>, the legal retirement age is 60. President Sarkozy, who like every other European leader is desperate to balance the books, proposes to raise this to 62. Hence the scene, as strikers work at bringing the country to a halt, and fill the streets in the time-honoured, Parisian fashion.
Over the Channel, the flashpoint was an attempt by management to lay off 800 employees of the London Underground. Sympathetic unions began an industrial action designed to cripple the city in Monday's rush hour.
From what I can see, nothing like the scenes in Athens, recently, but getting there.
The foreground problem is essentially the same everywhere, and in the stimulating spirit of "yes we can," Obama's America is quickly catching up with the European bankruptcy. Here in Canada, we may be feeling rather smug, thanks chiefly to the "no we can't" attitudes of successive federal governments. But our actual fiscal condition is concealed in the federal-provincial cups and marbles: A country that may be technically solvent, consisting of provinces that are all going bankrupt.
The background problem is simplicity itself. The Nanny State has blown the bank. She, or it, has done so everywhere. Even after appropriating half of every national income with taxes both direct and indirect, and after offloading the costs of cumbersome do-good schemes onto businesses through convoluted regulations, Nanny is reduced to printing money.
From the liquidators' point of view, however, the problem is rather more complicated: the debtors are more hostile than the creditors. Thanks to democracy, and the power of "the people," under the inspiration of demagogues, to appropriate each other's wealth, there seems no chance of a smooth disposition.
Our debts have been rephrased as "entitlements." They are the fiscal dimension of "human rights." Everyone has a "right" to a pension, and to much else besides, regardless of whether he put his share into the piggy; or whether Nanny absconded with what he did put in.
Those who prudently saved against the contingencies of this world, have subtly numbered themselves among "the rich." And, "tax the rich" is the received solution. For generations now, "progressive" politicians, imposing "progressive" tax systems, have been making an example of the prudent. The cultivation and manipulation of envy is at the heart of all political schemes for income redistribution, and parties of the Left have been building their client base upon it.
Hence the gradual division of every electorate between the Party of Entitlement, and the Party of Tax Cuts: the one to increase spending, the other to limit revenue, until the gap between income and expenditure has grown to oceanic proportions. In a pinch, the government pulls both ways at once, as poor hapless Obama is now doing because his Party of Entitlement is about to be mooshed in the U.S. midterm elections. In addition to more ruinous "stimulus" spending, he is now promising tax cuts (for everyone but "the rich").
There, as here, the chariot of state is driving over the cliff. In every Western polity of which I am aware, the entitlements are backed with the force of law, and cannot be withdrawn with anything like the ease with which a government can cut the police, the military, and essential public services -- even on paper. Thus, at the moment when fiscal catastrophe strikes, we find the government has already "downsized" the instruments of public order.
I'm still trying to imagine the scenario in which this ends well. (Give me more time!)
The closest thing I can see to hope is currently invested in the tea party movement of the U.S. Notwithstanding the slanders heaped upon it, this movement is good-willed, riot-free, indeed situationally non-urban, and under the leadership of basically sane people. Of course, there is no guarantee that any movement devoted to genuine political change can remain so, under the inevitable provocations.
But something must be done, and here is the closest thing, anywhere in the West, to a political movement committed to the only measure that can possibly save us from riding over that cliff. Merely slowing down won't do it.
That measure is, quite frankly, the complete dismantlement of the Nanny State, and the restoration of the status quo ante -- governments focused on the provision of national defence, and domestically on the machinery of law and order. Full stop.
While that happens to be the only available formula for mitigating our impending economic and social catastrophe -- leave people free not only to earn, but to help each other flexibly and directly -- the issue of freedom itself lies deeper. For the Nanny State isn't, and never was, compatible with the organic development of a free society. We do need laws to be enforced against specific, definable evils. But insofar as we are adults, we have never required comprehensive daycare.
 

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The world is bankrupt, no doubt. And the "smartest" people don't know why.

Ben Bernanke still hasn't figured out why gold is on a healthy run-up... :laughing: My 11 year old could explain it to him, but my 11 yr old don't like talking to idiots about simple economics..
 

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Discussion Starter #3
The world is bankrupt, no doubt. And the "smartest" people don't know why.

Ben Bernanke still hasn't figured out why gold is on a healthy run-up... :laughing: My 11 year old could explain it to him, but my 11 yr old don't like talking to idiots about simple economics..
Sounds like future presidential material. :thumbsup: :laughing:
 

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Sounds like future presidential material. :thumbsup: :laughing:
I expect a call from the school today.. he brought home a social studies paper.. I helped him on it..

#4: Explain limited government, and how the US is a good example of it.

We discussed limited government by definition, then compared the US system, and came to the conclusion that the US is not a good example of limited government... :laughing:
 

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The world is bankrupt, no doubt. And the "smartest" people don't know why.

Ben Bernanke still hasn't figured out why gold is on a healthy run-up... :laughing: My 11 year old could explain it to him, but my 11 yr old don't like talking to idiots about simple economics..
Ben Bernanke – Harvard University and MIT Graduate

You must be proud of your kid. :thumbsup:

Do you mind if I work with your kid on my 4O1k ? :thumbsup:
 

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Common Sense from a Canadian -

The Nanny State Has Blown the Bank

...
Excellent read. And one viewpoint I've been supporting for a while. Interesting that this, now, comes to light, when a select few at the polar opposite of the progressive movement have been talking about for years.
The closest thing I can see to hope is currently invested in the tea party movement of the U.S. Notwithstanding the slanders heaped upon it, this movement is good-willed, riot-free, indeed situationally non-urban, and under the leadership of basically sane people. Of course, there is no guarantee that any movement devoted to genuine political change can remain so, under the inevitable provocations.
But something must be done, and here is the closest thing, anywhere in the West, to a political movement committed to the only measure that can possibly save us from riding over that cliff. Merely slowing down won't do it.
That measure is, quite frankly, the complete dismantlement of the Nanny State, and the restoration of the status quo ante -- governments focused on the provision of national defence, and domestically on the machinery of law and order. Full stop.
While that happens to be the only available formula for mitigating our impending economic and social catastrophe -- leave people free not only to earn, but to help each other flexibly and directly -- the issue of freedom itself lies deeper. For the Nanny State isn't, and never was, compatible with the organic development of a free society. We do need laws to be enforced against specific, definable evils. But insofar as we are adults, we have never required comprehensive daycare.
1) The return to liberty and independence is the only way out...how? it's the only model that allows for a free market.
2) Social Justice only results in dependence and tyranny. how? regulation and malaise.

The nanny state seeks to remove competition through regulation. This is what the progressives ignore because it's ugly for the loser, but it's at the heart of their failure... Competition insures survival of the fittest. This applies to economies, governments, and ideologies.
 

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I didn't see the part about the (unregulated) Nanny State for the wealthy ... espcecially the part about Banks bankrupting America then the Govt. bailing them out (welfare) more than they bankrupted (better than welfare) ...


Help me out on this one ...
 

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Ben Bernanke – Harvard University and MIT Graduate
Hmm, Harvard, and can't figure out the gold run-up. Obama, Harvard also, and can't figure out the economic problems..

Maybe it's time Harvard was considered a school for idiots. :huh:

You must be proud of your kid. :thumbsup:
Well, he can manage money better than most adults I know.. so yeah.

Do you mind if I work with your kid on my 4O1k ? :thumbsup:
Did you not read the last sentence of the post you quoted? :huh:
 

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I didn't see the part about the (unregulated) Nanny State for the wealthy ... espcecially the part about Banks bankrupting America then the Govt. bailing them out (welfare) more than they bankrupted (better than welfare) ...


Help me out on this one ...
You and me both.. but you need to keep in mind that the US gov is wholly owned by big money. Yes, even the guys you support..
 

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Hmm, Harvard, and can't figure out the gold run-up. Obama, Harvard also, and can't figure out the economic problems..

Maybe it's time Harvard was considered a school for idiots. :huh:
George W Bush – Harvard Business School :laughing:

You maybe on to something here. :thumbsup:
 

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You and me both.. but you need to keep in mind that the US gov is wholly owned by big money. Yes, even the guys you support..
Ahhhhh yes ... the self-proclaimed (I) certainly injected this into his sons' *social studies* paper ... let me guess, he got a free pass (welfare) from teach because he's home-schooled ...


:laughing:
 

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I didn't see the part about the (unregulated) Nanny State for the wealthy ... espcecially the part about Banks bankrupting America then the Govt. bailing them out (welfare) more than they bankrupted (better than welfare) ...


Help me out on this one ...
Easy. Progressives are statist to the core and are everywhere.
 

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Ahhhhh yes ... the self-proclaimed (I) certainly injected this into his sons' *social studies* paper ... let me guess, he got a free pass (welfare) from teach because he's home-schooled ...

:laughing:
Ahh yes, the uneducated statist, who fully supports those he is supposedly against.. posts again, knowing I will kick him in the teeth once more.. :laughing:

No, he isn't home-schooled. We only did that the 1st year after he was diagnosed with type 1 Diabetes.. now he is back in school.

George W Bush – Harvard Business School :laughing:

You maybe on to something here. :thumbsup:
Yes, I am. But I really don't have any hope for you ever figuring it out..
 

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Discussion Starter #14
I didn't see the part about the (unregulated) Nanny State for the wealthy ... espcecially the part about Banks bankrupting America then the Govt. bailing them out (welfare) more than they bankrupted (better than welfare) ...


Help me out on this one ...
I think most Conservatives would agree with you. Too big to fail is not a free market concept. The reason these companies were deemed too big to fail is because of the pain that would have been spread around the country by their failure. In order to prevent that pain, the companies were given a free pass. Not good in my opinion. It only prolongs the inevitable pain.
 
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