The Best Of ‘Getting It Right’ By Andrea Lafferty
The Best Of ‘Getting It Right’ By Andrea Lafferty March 26, 2009 – TVC Executive Director Andrea Lafferty’s blog, “Getting It Right” features her unique perspective on current events – and insights you’ll not find anywhere else on the web. Sign up today for this free blog. Here’s one of her latest: Obama Will Bankrupt America March 25, 2009 – President Barack Hussein Obama’s budget plans will create $9.3 trillion dollars in deficits during the next decade. And, he doesn’t seem bothered in the least by this astronomical sum. The Congressional Budget Office (CBO) released these figures earlier this week. Last week, the Obama Administration had predicted a deficit of $2.3 trillion. Figures this high are incomprehensible to most Americans. If you stacked up a trillion dollars in one-hundred dollar bills, the stack would be 789 miles high – or the size of 144 Mount Everest’s stacked on top of each other. (Source: NPR, 2/08/2008) Obama’s socialist schemes will bankrupt America if Congress doesn’t put the brakes on his drunken sailor-like spending. This kind of spending is unsustainable, but I think Obama understands this. He’s not stupid. He doesn’t care if America goes bankrupt. His goal is to nationalize every industry in America to create a system of centralized economic planning. We call this socialism and it is a failed system of economics that inevitably brings about economic decline. In this system, the middle class is destroyed to pay for the indolent. Businesses die because economic incentives are destroyed. In its worst form – Communism – it also brings human slavery and death. It’s time to re-read F.A. Hayek’s classic 1944 work, The Road To Serfdom that describes how socialism inevitably leads to tyranny. It appears, however, that Obama is working from a different book, The Communist Manifesto. The Communist Manifesto includes 10 points:- Abolition of property in land and application of all rents of land to public purposes.
- A heavy progressive or graduated income tax.
- Abolition of all rights of inheritance.
- Confiscation of the property of all emigrants and rebels.
- Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.
- Centralization of the means of communication and transport in the hands of the state.
- Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
- Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.
- Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.
- Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc.
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