Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24
Micro Strategy Bubble Mania - 10th May 24
Biden's Bureau of Labor Statistics is Cooking Jobs Reports - 10th May 24
Bitcoin Price Swings Analysis - 9th May 24
Could Chinese Gold Be the Straw That Breaks the Dollar's Back? - 9th May 24
The Federal Reserve Is Broke! - 9th May 24
The Elliott Wave Crash Course - 9th May 24
Psychologically Prepared for Bitcoin Bull Market Bubble MANIA Rug Pull Corrections 2024 - 8th May 24
Why You Should Pay Attention to This Time-Tested Stock Market Indicator Now - 8th May 24
Copper: The India Factor - 8th May 24
Gold 2008 and 2022 All Over Again? Stocks, USDX - 8th May 24
Holocaust Survivor States Israel is Like Nazi Germany, The Fourth Reich - 8th May 24
Fourth Reich Invades Rafah Concentration Camp To Kill Palestinian Children - 8th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

From American Citizen to Serf in 200 Years

Politics / US Politics Sep 02, 2009 - 05:00 AM GMT

By: Paul_Craig_Roberts

Politics

Best Financial Markets Analysis ArticleAmerica is a strange place. Liberals get emotionally distraught that the Founding Fathers stuck Second Amendment rights in the Constitution. For American citizens to possess firearms is considered to be dangerous. Yet it is quite alright for Americans to possess deadly green mambas.


Mambas are large, fast, and very poisonous African snakes whose bite is usually fatal. Their venom is neurotoxic and cardiotoxic. It attacks the central nervous system and shuts down the lungs and heart.

On August 20 a Comcast workman was installing an underground cable outside an apartment building in Hollywood, Florida, when he was bitten by a green mamba.

Captain Ernie Jillson, head of Miami-Dade Fire Rescue’s Venom Response Unit, said the green mamba probably only delivered a warning bite instead of a lethal one. The Comcast worker was saved by antivenin.

It is unclear how the dangerous snake, which is still on the loose, was identified. How many Americans could identify a green mamba? Perhaps the cable company worker was an immigrant from Africa able to recognize the snake.

No one knows where the snake came from. According to the South Florida Sun-Sentinel, [Dangerous green mamba snake still on the loose in Hollywood, August 21, 2009] 187 green mambas have been imported into the US as pets since 2004. The Florida Fish and Wildlife Commission says that all people licensed to own or sell green mambas in the area have their snakes accounted for.

Americans who tire of their pet pythons when they grow too large have been dumping the snakes in the Everglades, where a large breeding population now exists that is destroying the remaining ecology of the Everglades not already destroyed by real estate developers and sugar plantations.

Will green mambas be the next immigrant invader?

Try to imagine what it is like living in a house with a mamba. Are bedroom doors tightly shut at night and carefully opened in the mornings? Do you first check to make sure the snake is still in its container before moving around the house in the morning? Imagine coming home and finding the container empty.

Strikes me as far more stress than living with a handgun in the house.

I would put the stress level from a mamba right up there with the stress our politicians create for us. We never know when "our" government will next strike at our livelihood and liberty.

The White House Office of Management and Budget just announced that the federal government will be running trillion dollar annual budget deficits for the next decade. If the past is a guide, this is an underestimate.

Obama says he is going to attack the deficit by getting entitlement spending under control. He means Social Security and Medicare. Getting them “under control” means reducing the funding. Americans have paid taxes all their lives for retirement pensions and health care, but Obama is going to cut the promised benefits in order to fund his wars in Afghanistan and Pakistan and to pay for new US military bases in Colombia, South America.

We are now into the third presidential term in which the US government remains mired in wars in Iraq and Afghanistan. Inheriting two wars didn’t stop Obama from starting a third one in Pakistan and from threatening more wars.

These wars bring no benefits to American citizens, only high costs, but the wars bring political contributions to the politicians from the interest groups that profit from the wars.

Where is the World War I, World War II, and Korean War excess-profits tax? The answer is that instead of paying the US Treasury, the war profiteers pay the politicians.

Obama’s Budget Director, Peter Orszag, says the US is in a "dire fiscal situation" and requires "serious steps to put our nation back on a sustainable fiscal path." However, halting pointless wars is not part of the Obama administration’s solution. The wars will continue. Orszag says the US will be put on "a fiscally sustainable path" by "slowing the rate of health care cost growth in the long run."

Orszag says that health care reform will not only be deficit neutral--that is, provide no new services--but also "will incorporate changes that will help reduce the deficit." The budget is to be balanced on the backs of Americans denied health care. And you thought your private health insurer was evil.

Many thanks to Orszag for a clear statement of US government priorities.

In the face of such clarity, why are democratic groups associated with Obama pushing a "health care reform" that will reduce health care?

The attitude of government toward taxpayers is no different at the state and local levels. Some conservatives still suffer from the delusion that government is more accountable the closer it is to the people.

Recently, NPR reported that it was the Correctional Officers Union that was behind California’s "three-strikes" law. Once that unjust law passed, California’s prison population increased five-fold. The Correctional Officers Union grew dramatically in membership. Of the $10 billion annual cost of California’s prison system, 70% goes for salaries and administration. One in ten correctional officers makes $100,000 a year.

What was sold to a gullible public as an "anti-crime" measure was just another way for an organized interest group to pick the taxpayers’ pockets.

Even the "clunkers law" divided the spoils between two interest groups. Car dealers got taxpayers’ help in reducing their unaffordable inventories, and parts manufacturers saved their business by having "clunkers" limited to vehicles made in 1984 or afterwards. Older cars did not qualify for the trade-in subsidy, which was hyped as a way of getting fuel-inefficient and polluting vehicles out of service.

All you need to know about "governments close to the people" can be learned by examining the property tax response to falling real estate values, foreclosures, and homelessness. Jurisdictions everywhere are raising the property tax.

In America, government always comes first. The citizen last. The transformation from citizen to serf has been completed.

    Paul Craig Roberts [ email him ] was Assistant Secretary of the Treasury during President Reagan's first term.  He was Associate Editor of the Wall Street Journal .  He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider's Account of Policymaking in Washington ; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy , and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice . Click here for Peter Brimelow's Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.

    © 2009 Copyright Paul Craig Roberts - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Paul_Craig_Roberts Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in