Is there a way out?

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We can only describe this as awful. Where do we go from here?

Is there a way out?

By: Walter Williams
10/30/2013 06:00 AM

According to a recent Fox News poll, 73 percent of Americans are dissatisfied with the direction of the country, up 20 points from 2012. Americans sense that there’s a lot going wrong in our nation, but most don’t have a clue about the true nature of our problem. If they had a clue, most would have little stomach for what would be necessary to arrest our national decline. Let’s look at it.

Between two-thirds and three-quarters of federal spending, in contravention of the U.S. Constitution, can be described as Congress taking the earnings or property of one American to give to another, to whom it does not belong. You say, “Williams, what do you mean?” Congress has no resources of its very own. Moreover, there’s no Santa Claus or tooth fairy who gives it resources. The fact that Congress has no resources of its very own forces us to recognize that the only way Congress can give one American one dollar is to first — through intimidation, threats and coercion — confiscate that dollar from some other American through the tax code.

If any American did privately what Congress does publicly, he’d be condemned as an ordinary thief. Taking what belongs to one American to give to another is theft, and the receiver is a recipient of stolen property. Most Americans would suffer considerable anguish and cognitive dissonance seeing themselves as recipients of stolen property, so congressional theft has to be euphemized and given a respectable name. That respectable name is “entitlement.” Merriam-Webster defines entitlement as “the condition of having a right to have, do, or get something.” For example, I am entitled to walk into the house that I own. I am entitled to drive the car that I own. The challenging question is whether I am also entitled to what you or some other American owns.

Let’s look at a few of these entitlements. More than 40 percent of federal spending is for entitlements for the elderly in the forms of Social Security, Medicare, Medicaid, housing and other assistance programs. The Office of Management and Budget calculates that total entitlement spending comes to about 62 percent of federal spending. Military spending totals 19 percent of federal spending. By the way, putting those two figures into historical perspective demonstrates the success we’ve had becoming a handout nation. In 1962, military expenditures were almost 50 percent of the federal budget, and entitlement spending was a mere 31 percent. The Congressional Budget Office estimates that entitlement spending will consume all federal tax revenue by 2048.

Entitlement spending is not the only form of legalized theft. The Department of Agriculture gives billions of dollars to farmers. The departments of Energy and Commerce give billions of dollars and subsidized loans to corporations. In fact, every Cabinet-level department in Washington is in charge of handing out at least one kind of subsidy or special privilege. Most federal non-defense “discretionary spending” by Congress is for handouts.

Despite the fact that today’s increasing levels of federal government spending are unsustainable, there is little evidence that Americans have the willingness to do anything about it. Any politician who’d even talk about significantly reining in unsustainable entitlement spending would be run out of town. Any politician telling the American people they must pay higher taxes to support handout spending, instead of concealing spending through deficits and running up the national debt and inflation, would also be run out of town. Can you imagine what the American people would do to a presidential candidate who’d declare, as James Madison did in a 1794 speech to the House of Representatives, “Charity is no part of the legislative duty of the government”?

If we are to be able to avoid ultimate collapse, it’s going to take a moral reawakening and renewed constitutional respect — not by politicians but by the American people. The prospect of that happening may be whistlin’ “Dixie.”

Walter E. Williams is a professor of economics at George Mason University.
 

I remember when Social Security outflows were classed as "transfer payments." Mr. Williams' analysis is somewhat flawed in that it does not consider the inflows of Social Security payments to the Treasury. To characterize 100% of the outflow as "wealth distribution" is, to say the least, not accurate to the point of being seriously misleading.

There is a strong case to be made that what the US Government classifies as "Defense" or military spending is, in reality, corporate welfare. Look at how Representatives and Senators of both parties fight tooth and nail to keep military-related manufacturing in their respective districts and states. Often when the military doesn't want what is being produced.

I ask anyone who questions that statement to please read Mr. Smith Is Dead before responding to this post.

Good luck to all,

~The Old Bookaroo

Good luck to all,

~The Old Bookaroo
 

I remember when Social Security outflows were classed as "transfer payments." Mr. Williams' analysis is somewhat flawed in that it does not consider the inflows of Social Security payments to the Treasury. To characterize 100% of the outflow as "wealth distribution" is, to say the least, not accurate to the point of being seriously misleading.

There is a strong case to be made that what the US Government classifies as "Defense" or military spending is, in reality, corporate welfare. Look at how Representatives and Senators of both parties fight tooth and nail to keep military-related manufacturing in their respective districts and states. Often when the military doesn't want what is being produced.

I ask anyone who questions that statement to please read Mr. Smith Is Dead before responding to this post.

Good luck to all,

~The Old Bookaroo

Good luck to all,

~The Old Bookaroo

Now that IS funny, Tell me where you fit in relation to Mr Williams Biography. Here is a list to start you out. Seriously.... "misleading" ? Which of your own books are you pointing to as a reference?

[SIZE=+1]Born in Philadelphia, Pennsylvania, Dr. Walter E. Williams holds a B.A. in economics from California State University, Los Angeles, and M.A. and Ph.D. degrees in economics from UCLA. He also holds a Doctor of Humane Letters from Virginia Union University and Grove City College, Doctor of Laws from Washington and Jefferson College and Doctor Honoris Causa en Ciencias Sociales from Universidad Francisco Marroquin, in Guatemala, where he is also Professor Honorario.[/SIZE] [SIZE=+1]

Dr. Williams has served on the faculty of George Mason University in Fairfax, Virginia, as John M. Olin Distinguished Professor of Economics, since 1980; from 1995 to 2001, he served as department chairman. He has also served on the faculties of Los Angeles City College, California State University Los Angeles, and Temple University in Philadelphia, and Grove City College, Grove City, Pa.

Dr. Williams is the author of over 150 publications which have appeared in scholarly journals such as Economic Inquiry, American Economic Review, Georgia Law Review, Journal of Labor Economics, Social Science Quarterly, and Cornell Journal of Law and Public Policy and popular publications such as Newsweek, Ideas on Liberty, National Review, Reader's Digest, Cato Journal, and Policy Review. He has authored ten books: America: A Minority Viewpoint, The State Against Blacks, which was later made into the PBS documentary "Good Intentions," All It Takes Is Guts, South Africa's War Against Capitalism, which was later revised for South African publication, Do the Right Thing: The People's Economist Speaks, More Liberty Means Less Government, Liberty vs. the Tyranny of Socialism, Up From The Projects: An Autobiography, and Race and Economics: How Much Can Be Blamed On Discrimination?
[/SIZE]
 

After reading the quote of Old Bookaroo in Dave's post, I get the impression the while Old Bookaroo loved the 60's, they weren't too good for him/her.
 

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