Fiscal Irresponsibility

Published on March 23rd, 2015 | by John Locke

0

LOOKIE ME! I’M SPENDING MY KIDS’ INHERITANCE!

I saw another one the other day. A bumper sticker, slapped on the hind-end of a wide-ass Winnebago, tooling down Highway 89. “I’m spending my kids’ inheritance.” Yes, he seemed proud of it, not even noticing that he had six or seven cars piled up behind him. Still, no matter how I weigh it, I’m having a hard time wrapping my mind around this one, because it’s not just him. For today, our president, our Congress, our nation, all are doing precisely the same thing, in spades. From such self-serving incompetence and irresponsibility—America—us—may not survive.

  • WHOSE PROBLEM IS IT?

They say, “So what? I’ve earned it. Why should I worry about the next generation, or certainly the one after that? I’ll be dead and gone, long-gone. They can deal with their own problems. I have.”

But that’s just point, isn’t it? They will be dealing with their own problems, and a huge chunk of yours and mine tossed in, thanks to an insidious, and immoral, national mentality that is increasingly destroying the greatest nation on God’s Good Earth. Yes, in our name, President Barack Obama’s doing it, so is the Congress. No one, it seems, is willing to face the fiscal music. No one appears to have the vision to see where this is all headed—inevitably—when the US dollar collapses due to its worthlessness, and when an entire nation finds itself running out of other peoples’ money.

That’s the problem with Socialism, said Margaret Thatcher, “Eventually you do run out of other people’s money.”

  • EITHER IMPROVE, OR SINK AND DIE

Cutting to the chase, let’s take a look at the real danger here. My grandfather always told me that unless a new generation improves on the previous, the entire nation degenerates, eventually collapsing. You either improve, or sink and die.

Nothing remains static in the universe. In this we find the key. A nation, and a people, that bankrupt’s itself fiscally, will, inevitably bankrupt itself morally. Why? Because when economies shrink, people suffer. And when people suffer, they always end up doing whatever necessary to survive. They do things they would not normally do. The traditional vices multiply, people turn to drugs, alcohol, prostitution, kidnapping, smuggling, theft and extortion, just to feed themselves and their families, or in the case of alcohol and drugs, to mask the pain and hopelessness.

If things get bad enough, charities dry up, innovation grinds to a halt, medicines are scarce and disappear. The weakest in society—the very young, the old, the sick, the poor—are the first to succumb. Look at history. There you find all the examples, in blood-red, that you will ever need to understand my point.

  • SQUANDERING OUR FUTURE

It’s always been this way, and always will. As producers and world leaders, America—meaning us—must work and save and invest in the future. We set the example for the world. We build for the future, as God intended when he commanded “Multiply and replenish the earth and subdue it.” Instead, today we are squandering the future through debt and government excess. Instead, today we are being subdued by our own lack of fiscal discipline, by out of control regulation, government interference, and taxation. Like the addict who is steadily shrinking and retreating into a dark hole, we blindly continue spending ourselves, and our posterity, into oblivion.

  • NO FOOL LIKE AN OLD FOOL

I hope, when my time is done, to leave behind something of value to my children and grandchildren—my faith, my optimism, my love of life, my habit of hard work, and yes, enough capital that my progeny may use to build something lasting, capital investment which will continue creating opportunities for many generations to come, for those yet unborn.

“I’m spending my kids’ inheritance?”

There’s no fool like an old fool, one who, considering his years on earth, should know better.

–JOHN LOCKE

 

 

 

 

Tags: , ,


About the Author

I have a standing rule to live by…a liberty to follow my own will in all things…and never subject to the inconstant, uncertain, unknown, arbitrary will of another man—Life, liberty, and property.



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑