- Law Cases
by OPOVV, ©2012
(Nov. 30, 2012) — Hard as it may seem, in America, the sins of the father are not passed down to the offspring, or are they? Maybe we got it wrong (and I think we did) and ought to start calling a spade a spade, call this so-called “national debt” as money borrowed by today’s adults to be paid off by our children, thereby surely passing the sin of “neither a borrower be” to the prodigy of our country.
You’re born, and at the tender age of five you’re presented with a bill from the United States stating that you owe a very large amount of money, so large that your allowance is forfeited for life or until you turn 18, and then half your earnings go for taxes and half are forfeited. Then you repeat the same boondoggle that your father did to you, and so on and so forth.
A merry-go-round to debtor’s prison, a carousel for the financially immature people who believe that there’s nothing wrong with being in debt as long as they’re not the one who has to pay it back: what the heck, let the kids pay for it. There’s nothing positive about being in debt.
For those of you who are a little rusty in Accounting 101, let’s have a little refresher course. First, you have money, which is Step One. Step Two is if you spend any of that money, you have less money. Step Three: if you spend it all, you’re broke. Step Four is the tricky part, so pay close attention. If you spend it all and then go borrow money, you’re STILL BROKE.
So you ask, how can the United States owe so much debt? Easy answer? Once you’re broke, you can’t get any more broke. It’s like when you’re dead, you’re dead; that’s it, so dragging a dead body around the streets behind a motorcycle may be a great sport for some, and cause for a parade, but it just doesn’t cut the mustard, just as borrowing more money to feel not so broke doesn’t make ant sense either; you’re still broke.
Our financially immature politicians have no problem making the country go broke and borrow money. Hey, the way the system is set up, it’s inevitable. Simply put, America is broke, so we go to a private bank and they give us money (that our Treasury prints, that we pay for, the ink, the paper, the labor, retirement, etc.) and they give us the money that we gave them but we have to pay them interest, which is called “The National Debt.” The private bank’s name? The Federal Reserve Bank.
No newborn is entitled to anything more, and nothing less, than our Constitution dictates, and there is no advocate for sloth nor thievery in the document. Entitlement is the death of democracy because it’s nothing but another name for a bribe for votes.
The solution is to implement a work program (such as the WPA) and institute a flat tax that would go down as the efficiency of the government increased. It certainly isn’t rocket science nor is it complicated, but the concept of doing without until you have the money, and being taxed just because you can be, forced to live in Step Four (perpetually broke), should have no place in our future.
There is a solution to the money problem that our country faces today, but it’ll never get better, only worse, because the people whom we’ve entrusted to solve our financial woes aren’t mentally capable of understanding Accounting 101: “Entitlements” is just another name for a bribe for votes. I say “Knock it off!”