I’ve gotten the e-mail several times over the past few weeks. I’m sure you have, too.
It bears a photo of former British prime minister Margaret Thatcher and attributes to her the following quote, “The problem with Socialism is that you eventually run out of other peoples’ money.”
I did not go to snopes.com to verify whether or not Mrs. Thatcher actually uttered those words. In fact, I’m not real sure who Mr. Snopes is or who died and left him in charge of online information verification.
If Mrs. Thatcher did not actually make the statement, she should have for it is an absolute truth.
The e-mail arrived as the so-called stimulus bill was being debated and subsequently signed into law by President Barack Obama. The bill is a combination of tax cuts (one third) and spending initiatives (two thirds) totaling some $787 billion designed to jump start the economy.
It purports to put money back into the pockets of consumers and businesses and create millions of jobs - most of them on public works projects to rehab the nation’s sagging infrastructure. There is also a component that directs millions to making the USA more energy efficient.
The fund also adds some $20 billion in funding to the Supplemental Nutrition Assistance Program (SNAP). SNAP is what used to be called food stamps before it underwent a socialist extreme makeover. Now, instead of food stamp fraud and welfare queens, we can have SNAP beans.
Agriculture secretary Tom Vilsap says the money will help feed families and boost the economy. Critics say it rewards the least productive members of society at the expense of the most productive.
Certainly, we need to create our own energy and kiss the mideast oil barons goodbye. We should harness the power of clean coal, wind, solar and even methane in this battle. That will help.
We also need to rebuild infrastructure. No one wants to see another bridge loaded with rush hour traffic fall into a river.
But, all these jobs are temporary. What happens when the government runs out of other people’s money?
When it got back to work this week, Congress started debating another $410 billion in spending just to keep government functioning.
Those of us who work to pay for all this are, quite frankly, tired of carrying the chronic layabouts who refuse to work for even a minute but demand equal compensation through government handouts.
Which brings to mind another quote.
“The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.”
Those words were delivered by the Roman philosopher Cicero in 55 BC. Cicero was a firsthand witness to the decline and fall of the Roman Republic.
It is a shame he is not around to advise President Obama during our own great national decline.

























Is that what we heard from President Obama last night? No, Cicero in 55 BC. Let's not follow Rome folks.
That was very well written. The root of the problem is our Central Bank, the Federal Reserve. I'm starting to sound like a broken record: The Federal Reserve needs to be abolished and we need to get back on the Gold Standard.
Ron Paul is one of the only politicians who understands this by the way.
Mr. Paul said this week: "Would you borrow a bunch of money for you to blow right now leaving a debt for your children and grandchildren to pay back".
Not only should we abolish the Federal Reserve, we should abolish the amendment that gives the Federal Government the authority to tax our incomes. Taxing of our incomes makes us all serfs to the states.
Doing this would cut the Federal budget by only 40% and that would be money going back into our economy.
My 5 cents.
It is obvious what is taking place, and we need all to prepare for this change, that I dont believe we want.
I worked for a division of Zenith in the 70's, and our jobs left because the Japanese were dumping consumer electronics below cost in direct violation of trade laws. Zenith, Magnavox, and others filed suit when our own government failed to act on our behalf to enforce laws. We prevailed in court.
When it came time to collect our own government would not help collect the award and would not enforce the anti-dumping laws. Our own government failed to act. This is not any different from our local government, where we would have to file suit to make them do their jobs and follow the law. Before we collected and the unfair dumping was enforced, the jobs were gone. From around 1965 until 1980, we had dumping. It quit only when they decimated our industry.
We shipped assembly jobs to Mexico in large part because we had to pay health care and retirement, and could not compete with industries whose government covered the retirement and health care as a national group and supported dumping.
I left to work as GM for one of the largest aftermarket automotive test equipment and electronic indicator manufacturers, and that slowly died because of imports. The big killer for us was Europe formed the Community of Europe and required expensive lab testing by European labs and compliance to silly regulations for outsiders. Countries inside the European Community could exempt from testing and many of the CE regulations. The USA had no such restrictions on them.
None of this was due to taxes.
If you look at large businesses, most pay no income tax at all. The things that actually kill our large manufacturing businesses are lack of good fair trade deals that protect and open markets to us, and the failure of our own government to enforce trade laws. There is also a huge burden of health costs and retirement costs, while nearly all other nations have national retirement programs and health care.
We do not have to look further than Carters to see how trade deals like NAFTA have worked for the USA. If we look at the real results of losing a manufacturer like Carters, we can understand what that does to us as a group. Most people who worked there really cannot get another similar job because there is nothing to replace Carters.
We can complain all we want about welfare but until we get a manufacturing base going again and start selling more to the rest of the world than they sell to us, we will just keep getting poorer and poorer as a country. The fact is Obama and everyone else can spend limitless money inside our country, and we will not get poorer as a nation. It is the spending outside of our borders that makes us poor, nothing else. Try this test. Give 100 dollars to your wife or kids, and look at the overall wealth of your house. Now have anyone in the house spend $100 at a store or give it to a neighbor and see what happens to your overall wealth as a "nation".
http://www.cnbc.com/id/28892719/
Bush -- spending at the 5 and dime
Obama -- spending at Saks 5th Avenue
My main gripe with Obama is that he has not been very honest about his promises. Before you say I'm a racist, let me also add that Nancy Pelosi is one of the most deceitful and power hungry people and her lapdog, Harry Reid, is a very close second.
I can do the math and I hope you can too. It doesn't take a math major to see the huge amount that has gone out the window already during the Bush administration, but it sure doesn't take much education to see the many, many trillions that O has added to it already - and he is not done yet. I think we are sinking. My opinion - don't like it, don't read it.