From: sals@corwin.uchicago.edu (red-head fancier)
Newsgroups: alt.politics.libertarian
Subject: Re: "Its all over for the political ruling class!"
Date: 11 Jan 93 04:12:32 GMT
Organization: University of Chicago Computing Organizations

In article <C0nK5E.yq@dscomsa.desy.de> hallam@zeus02.desy.de (Phill  
Hallam-Baker) writes:
> In article <1993Jan8.223420.13323@pony.Ingres.COM>, garrett@Ingres.COM  
(WHEN ALL
> ELSE FAILS, READ THE INSTRUCTIONS) writes:
> 
> |>In article <C0J1vx.ELu@newsserver.technet.sg>,  
ipser@solomon.technet.sg (Ed
> |>Ipser)                         writes...
> |>> 
> |>>When the Berlin Wall came tumbling down, the establishment  
reluctantly
> |>>hailed it as the end of the cold war. But was it the end or merely  
the
> |>>beginning of the end? Socialism collapsed in Eastern Europe and then
> |>>the Soviet Union with a resounding thud. Yet it survives in the West
> |>>if only barely.
> |>
> |>To say that the socialism of Western Europe and the Communism of  
Eastern
> |>Europe are the same thing, shows a definant lack of understanding of  
the
> |>politics of Europe.
> |>> 
> |>>The chronic US deficit is but one symptom of a much
> |>>larger disease, the slow and painfully agonizing death of the welfare
> |>>state.
> |>
> |>That's curious. The deficit wasn't bad during Carter's administration,  
yet
> |>got much worse under Ronald borrow-and-spend Reagan, who hated  
socialism.
> |>The two key causes of the deficit are health care, which isn't in a  
socialist
> |>system, and bailing out the banks and S&L's which were deregulated  
under
> |>Reagan. It seems that unregulated capitalism is killing the U.S.
> 
> No, the reasons for the deficit were the huge tax cuts for the  
super-rich and
> the arms build up.
The tax cuts were not just for the super-rich. And they had been they  
wouldn't have mattered much to the deficit. The amount of income held by  
the superrich is extremely small compared to the amount held by the middle  
class. And much of the deficit also came from the increase in entitlement.  
While they did not grow in bulk as much as defense spending did they did  
grow to be the largest component of the federal budget.
> 
> The medical budget could easily have been accomodated, even with the  
failure to
> tackle the problems caused by exploitation of the legal system.

Medicare and medicad are expanding faster then defense spending is medical  
entitlement programs (and social security) are a major reason who the  
deficit is so large. 
> 
> The S&L disaster, while crass was the sort of one off cock up that any  
system
> must be able to cope with at some time or other. The main point is that  
the
> budget deficit was not merely an accidental cock up but a completely  
forseeable
> disaster caused by a refusal to accept the reality that you cannot spend  
more
> than you raise in tax.
> 
The s&l disaster was caused by government regulation, but I do agree you  
cannot spend more than you tax. That idea is a the reason for american  
deficits.
> 
> |>>Already, socialist paradises such as Sweden are feeling the
> |>>strain while nations such as Italy are on the verge of bankruptcy.
> |>
> |>And the capitalist country of Japan is in a recession worse than  
Sweden.
> |>And the capitalist U.S. is on the verge of bankruptcy.
> 
> As a result of which the US has elected a socialist President.
BTW Sweden has a conservative government in power. A party which is a  
coalition between conservatives and classical liberals. 
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