Wednesday, July 21, 2010

Why no balanced budget ?

Why no balanced budget?

Simple everyday people, like you and me, often wonder why Guvmint can’t “live within its means”. Well, for one thing, it doesn’t have to…

Those in favour of deficit spending always say "Guvmint spending is different than household spending." - and that's true - Guvmint never has to balance the budget. Actual intake never has to equal output's perceived value because Guvmint (through the corrupt FED system) prints its own money and tries (somewhat) to control the supply.

As for your budget comparison, there isn't one - as Guvmint really has no budget - it's all a shell game... and Guvmint has gone from being a necessary evil to a necessity.

Guvmint has always been, and is still in the bizness of growing Guvmint. And the way Guvmint (lately) keeps itself in power is not really through taxes, but by regulating money supply. Guvmint operates under a mandate to do this through its several different supporting bases who believe that they each in particular will benefit from Guvmint’s action (through taxation/redistribution/provision of perceived rightful needs). Whether recipient or supplier, these bases view Guvmint as a gigantic charity, responsible, through said mandate, for all of society.

Our representative republic slows it down a touch, until everybody starts to jostle and grab for a space at the trough and our representatives become jaded and corrupt. Then the trough gets smaller and smaller and the group of piggies gets bigger and bigger.

The piggies are about to overwhelm the trough.

No comments: