Crossville Chronicle, Crossville, TN

May 24, 2013

STUMPTALK: This is what we just elected

By Jerry McDonough
Chronicle contributor

CROSSVILLE — Definitions found in the modern Merriman-Webster dictionary:

Socialism — a) Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

b) A system of society or group living in which there is no private property; a system or condition of society in which the means of production are owned and controlled by the state.

c) A stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done.

...instead of electing...  

Capitalism — a) an economic system characterized by private or corporate ownership of goods, by investments that are determined by private decision, and by prices, production and the distribution of goods that are determined mainly by competition in a free market.    

As Margaret Thatcher explained socialism, “a system that would rather the poor were poorer provided the rich were less rich.” She then rightly said that, “The problem with socialism is that eventually you run out of other people’s money” as the reason why redistribution economic policy hasn’t worked and will never work.

A recent article in Pravda which is a famous Russian news magazine opined that “Putin outlined his economic policy in 2009.” Its centerpiece was a Flat Tax of 23% on all income period. “Alas, poor Obama did the opposite but was nevertheless re-elected. The Communists have won in America with Obama but failed miserably in Russia. Putin was reelected by keeping the new world order out of Russia while America continues to repeat the Soviet mistake of embracing Communism.” Pravda further stated that, “Recently, Obama has been re-elected for a second term by an illiterate society and he is ready to continue his lies of less taxes while he raises them. He gives speeches of peace and love in the world while he promotes wars as he did in Egypt, Libya and Syria. He plans his next war with Iran as he fires generals who disagree with him.” Vaclav Klaus, who is the current President of Czech Republic, wonders publicly why America is making the same mistakes that enslaved the Eastern European nations for seventy long years. 

So, while the rest of the world laughs in wonderment at America’s folly, America continues on its path to Third world status. Under progressive government control our educational system is failing according to the government’s own statistics, our economy is trending downward so badly that the nation’s credit rating has been reduced and is rumored to be in for another reduction in the near future and now our military strength is under attack making American citizens more vulnerable to outside influences and attack. The achievers who Obama loves to attack just for being “rich” do have an answer to Obama’s taxes. Just as the British rich have fled their country — 62% of millionaires have left — and the French likewise are fleeing France, so too are the American “rich” increasingly leaving America. Then what? Who will pay when America “runs out of other people’s money?”