Your Survival Guy likes how Judge Andrew Napolitano frames the Big Government Party. Napolitano writes (abridged):
As I write this on Election Day, I obviously don’t know the outcomes of the U.S. midterm elections. As you read this, you probably do. Most of my libertarian friends with whom I have spoken recently are hoping for a Republican victory.
I am not so sure I agree with them. Former Rep. Ron Paul, the living American I admire most, is not so sure either. He opined recently in an essay arguing that with the exception of blind opposition to all things Joe Biden — thus slowing the pace of increased federal spending — the Republicans are not much better than the Democrats.
This argument is in line with my own, which is that we don’t have a two-party system in America. We really have one political party — the Big Government Party. It has a Republican wing that likes war, corporate welfare, tax increases and borrowing, and a Democratic wing that likes war, individual welfare, tax increases and borrowing. Both wings enacted legislation to frustrate political competition, and both want more than anything just to stay in power.
In Congress, both wings of Big Government believe that they can right any wrong, regulate any behavior, tax any event and interfere in any process, whether the Constitution authorizes their legislation or not. Yet, Congress is a creature of the Constitution. The Constitution gives Congress only 16 discrete powers and one catch-all — to make all laws necessary and proper to effectuate the 16.
As the Federal Reserve keeps raising interest rates, the cost of federal borrowing goes up. Thus, the government will do what is unthinkable to you and me and which no bank would permit us to do: It will borrow money to pay interest on already borrowed money without reducing principal.
Interest is the rent paid by the borrower to the lender. Interest rates should be the product of supply and demand like all other rentals. But Republican presidents have appointed the same mentality of central planners to the Federal Reserve Board as have Democrats.
The mentality of the Big Government Party is what St. Augustine condemned as libido dominandi — the lust to dominate.
Today, the Republicans — who expect to control at least one house of Congress in January — are threatening to decline to extend the government’s borrowing limit until they get their way on other legislation. This will result not in less spending but in more — just titled toward the military industrial complex and other Republican favorites. Republicans may slow the rate at which the government grows. But they will still grow it.
Government today is an instrument of repression and a grab bag of giveaways. Only true libertarians who mistrust all government and regard it as something to be starved and not fed can save our liberty and property. But don’t hold your breath waiting for this. Democracy does not ensure freedom. It ensures the confiscation and redistribution of wealth.
Action Line: Protect every penny you make. Click here to subscribe to my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- BE PREPARED: Army Responds to Terrorist Attack Near Fort Bragg - December 6, 2022
- SPAC-TACULAR COLLAPSE: Billions in SPAC Deals Disappear - December 6, 2022
- ESG, Richard Young, Jack Bogle, and You - December 5, 2022
- TUCKER EXPLAINS: The Twitter Files and Biden - December 5, 2022
- Florida Dumps BlackRock in Fight Against ESG - December 2, 2022