Comments Posted By JD Pomerantz

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The Budget Deficits and Who’s to Blame

As a shadow-stalker of this blog I can no longer resist making a comment, so here goes: every analysis trying to pin the deficit on a particular party, group, or politician fails because it misses a fundamental point: to borrow from de Toqueville, the deficit problem arose because of individual Americans’ belief that they may vote themselves their neighbours’ wealth, and that they are entitled to positive rights. Welfare queens, crony capitalist CEO’s, able-bodied sluggards living on SSI payments, our $300/toilet seat military-industrial complex, student loan defaulters, house-poor middle class materialists (who believe themselves entitled to live in a Mcmansion in Hoity-toityville when they can’t afford it), and anybody receiving any “entitlement” for any reason, all have this in common: they are equally guilty of thievery of others’ equity. Until this issue is faced, there can be no resolution of the debt crisis.

» Posted By JD Pomerantz On April 1, 2012 @ 3:55 pm