Foreclosure Crisis and Big Government — 1 Comment

  1. As Ron Paul has tirelessly explained, it is the cost of our expanding overseas empire that is driving us into bankruptcy. We have, as the Old Right seer Garet Garrett put it, an empire of a unique type, one in which “everything goes out and nothing comes in.” The costs of this are ordinarily hidden from sight, as Ron Paul explains, by governmental sleight-of-hand:

    “As the war in Iraq surges forward, and the administration ponders military action against Iran, it’s important to ask ourselves an overlooked question: Can we really afford it? If every American taxpayer had to submit an extra five or ten thousand dollars to the IRS this April to pay for the war, I’m quite certain it would end very quickly. The problem is that government finances war by borrowing and printing money, rather than presenting a bill directly in the form of higher taxes. When the costs are obscured, the question of whether any war is worth it becomes distorted.”

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