Friday, February 12, 2010

After The Iceberg

What are you willing to get rid of to avoid the inevitable catastrophic debt driven crash that is coming due in the next few years? Are you truly willing to do whatever it takes to make sure that your family survives? Even if it means jettisoning your favourite sacred, political entitlement cow? I am. For the sake of my children I will gladly forgo Social Security, Medicare, Medicaid and the empire building military. It's all a matter of simple math and Jacob G. Hornberger, over at the Future of Freedom Foundation breaks it down into easily understandable parable for us.
Ship Captain: Ladies and gentlemen, the Titanic is sinking, but calculations made by our engineers show that there is still one way to save the ship and all the passengers. That’s the reason I have summoned you to this meeting. All of you have brought with you large suitcases containing your welfare-state benefits of Social Security, Medicare, and Medicaid and your warfare-state benefits of military contracts. Our officials have made careful calculations and concluded that if you will just throw these suitcases overboard, the ship — and everyone on it — will be saved. Therefore, would you please proceed to your cabins, grab your suitcases, and toss them overboard?

We're going to hit that iceberg. It's now inevitable and unavoidable. The only question remains is whether we go down with the ship, make it to a life boat or manage to save the vessel.

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