April 4, 2010

Government Dependency

The Coming Dictatorship

March 30, 2010

Robert Ringer - In my article “Saying Yes to the Party of No,” I commented on how pleased I’ve been to see Glenn Beck talking about a subject I’ve been writing about since the late seventies: a government-declared state of emergency leading to a “temporary” dictatorship.

Will Obama purposely foment “civil unrest” rather than wait for something like unemployment or runaway inflation to make it happen?

I have long believed that the mathematics of an insatiable entitlement society in the U.S. guarantees a runaway inflation, which likely would be followed by anarchy and chaos – a perfect excuse for government to resort to strong-armed totalitarian measures to “restore order.” My model has always been Germany’s Weimar Republic in the 1920s, where runaway inflation brought Adolf Hitler to power.

I originally believed that the runaway-inflation scenario in the U.S. would play out in the early 1980s, but a combination of Ronald Reagan and an explosion in computers and electronic technology made possible by the remnants of our capitalist system headed it off.

Nevertheless, the threat of a runaway inflation has continued to increase over the years, even while our false-prosperity economy was booming. That’s because the underlying causes (Fannie Mae, Freddie Mac, insane union and government-employee wages and benefits, Social Security, Medicare, etc.) of our sick economy have never been addressed.

Unemployment is just a symptom; the disease is entitlements. Throughout the false-prosperity years, Social Security did not go away. It got bigger. Medicare did not go away. It got bigger. Virtually no other benefits went away. They only got bigger. So the underlying problem of entitlements not only has remained, but continued to grow.

The big news now is that Social Security may “go broke” this year instead of in 2017, which was originally projected. Really? And here I thought it’s been broke for decades. Ditto with Medicare. These programs were long ago Madoffized. Almost from the start, government has simply taken in new money from “investors” (read, taxpayers) and handed it over to those on the entitlements side of the fence – with a large chunk of the largesse being skimmed off the top for government employees who administer these programs (and vote for those whom they believe are most likely to safeguard their jobs).

All it took to bring things to a head was a shameful spending spree by a progressive Republican president and a Republican Congress, followed by the ascent of a committed Marxist to the presidency (along with a cooperative majority in Congress).

Now, throw on top of all that a huge new tax-and-spending bill (euphemistically referred to as “health-care legislation”), and the end result seems assured. However, with the government’s power to tax, print, and borrow, no one knows how long it will be before the inevitable runaway inflation sets in ...

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