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The Spot-On Quote Of The Week…

06 April 2011 @ 14:06

…is awarded to the Cato Institutes’s Michael Tanner for reading all of us, especially conservatives, The Riot Act:

So if you want to know why we are in trouble, look no further than us. If we are serious about avoiding the fiscal train wreck to come, we are going to have to be willing to cut even those programs we like. There can be no sacred cows. Everything has to be on the table.
Ryan’s approach is a good start. But for the long term, it will require a 2012 presidential candidate capable of explaining the facts to an uninformed public and courageous enough to make the necessary cuts — even if the public thinks they hurt.

Spot-on.

American Life as we’ve know it is over. For too long, all of us have allowed ourselves to be pampered to varying degrees by our governments, at all levels. We have enjoyed a standard of living that is the highest in human history and part of the reason this happened was because we shifted over a lot of our responsibilities to the government without caring that someday a bill for their [inefficient] services would come due. That time, the day of reckoning, has arrived, thanks to the acceleration of the situation by the Socialists in power in Washington over the last several years. But inevitably it would have come no matter what. For many years now, Progressives have held sway in State Houses and City Halls across the country and have burrowed deep into the DC Bureaucracy, wrecking fiscal and cultural havoc – Chaos, if you will – on our republican system. Sooner or later, their efforts were going to bear fruit. Obama, Pelosi, Reid, and their minions were merely the super-duper fertilizer that caused the situation to grow to crisis a lot faster than it was.

Programs and services that you and I like are going to have to be cut drastically or eliminated [let us hope it is more of the latter]. We’re all going to have less leisure time and surplus monies. We’re all going to have to spend more time and effort and treasure on maintaining a decent standard of living. Too many of the things we consider ‘essential’ to pursuing happiness are actually not. The wheat must be separated from the chaff – that is, if we are truly, madly, deeply committed to saving The American Experiment.

6 Comments
  1. 06 April 2011 @ 14:57 14:57

    We have enjoyed a standard of living that is the highest in human history and part of the reason this happened was because we shifted over a lot of our responsibilities to the government …

    I assume you are saying that the debt crisis is the result of shifting our responsibilities to government, NOT that shifting our responsibilities to the government is the reason we enjoyed a high standard of living. Right?

  2. bobbelvedere permalink*
    06 April 2011 @ 17:15 17:15

    The CL: Part, only part, of the reason we enjoyed a higher standard of living is because we shifted some of our responsibilities to the government, thus freeing ourselves from the worry of performing certain tasks, thus we enjoyed more leisure time and fooled ourselves into thinking we had more money.

  3. Adobe Walls permalink
    06 April 2011 @ 17:39 17:39

    To the extent that Government made borrowing easier and cheaper, it created opportunities to live beyond our means longer. For instance much of the staggering amounts of consumer credit was refinanced by home refinancing. Refinance the house after some equity gain pay off the cards lather, rinse, repeat.

  4. 06 April 2011 @ 19:33 19:33

    That was one spot on quote. We’re all going to have to pay a price.

    • bobbelvedere permalink*
      07 April 2011 @ 17:37 17:37

      Matt: And we can’t use our credit cards this time.

  5. 07 April 2011 @ 17:27 17:27

    Bob: I thought I was catching a typo. Because shifting responsibilities to the government has come at significant cost. Not just the debt mind you, but paying abusively high, ever increasing taxes. Our lifestyles, in some ways, have improved, but we have technology to thank for that. But imagine, just for a moment, an America that had never enacted an income tax.

    My grandparents never made squat. Yet they put 2 kids through college (without loans), had a beach front vacation home (and eventual retirement home) on Lake Huron, a huge camper, no debt, and lived a happy and comfortable life.

    You gotta make big money to live like they did today, and carry a lot of debt too. Free time? I don’t know a single family today that enjoys the family time they did. How can they? We’re all pushed to the max today.

    In reality, shifting our responsibilities to the government destroyed our standard of living. Technology and the Fed’s printing press allowed us to “fool ourselves into thinking we had more.” Just something to think about.

    As far as what to cut? You know my answer: EVERYTHING!

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