Saturday, December 15, 2012

Will Bringing the Heat

"When Sen. Richard Durbin (D-Ill.) said, "Social Security has not added one penny to the deficit," Charles P. Blahous III, a member of the Social Security board of trustees, wrote to The Post to say that in 2012 this program will add $165 billion to the deficit because benefit expenditures exceed Social Security tax revenue by that amount and "this gap is filled entirely by revenue that the federal government borrows." The fact that the second-ranking Senate Democrat is off by 16,500,000,000,000 penniesreveals the sort of precise thinking that got the country into its current condition and that supposedly will produce a cure. It is enough to make you want to hop in your Fisker and drive off a fiscal cliff.

"You should know Fisker because you have helped to finance the Anaheim, Calif., company that makes — well, has made a few — electric cars. Its only model, the Karma — really; Obama administration green investments are beyond satire — costs $110,000. Your subsidy helped Justin Bieber, the fabulously rich Canadian teenager (he sings), buy one. No one ever said saving the planet one electric car at a time would be easy."

In the normal, non coercive creation and dispersion of technology to the masses, the rich pay for the whole process; eventually, we all benefit.  In the government's attempts to "create" technology the rich get free government money - borrowed "free" government money - and then it goes to money heaven.  It's certainly convenient for all involved except those who will be forced to repay the government bonds.

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