Monday, 26 September 2011

"The immorality of national debt"

Following on from the post below, and echoing the thoughts of Jefferson, comes this from the website UK debt bombshell I find this:
The immorality of national debt

A strange religion has come to dominate British life in the post-war era. It teaches that the values of our forebears are outmoded and their achievements of no great significance. It preaches that wealth is no longer created through man's ingenuity and endeavour, but something bestowed upon the grateful congregation by a divine elite. This religion is government, its ministers are politicians and its gospel is debt.

Politicians have convinced us that everyone has a right to comfort and happiness and that government has a moral duty to provide it. They believe that wealth and liberation come in the form of paper or electronic money and that distributing limitless amounts of this commodity is a cure for all social and economic ills.

Distorted values

Only by spending this confiscated or borrowed money is a person truly moral. Anyone who dares to question this twisted faith is demonised. Any politician who questions the wisdom of government indebtedness and debt-fueled consumption is branded inhumane for supporting "savage cuts to vital public services."

Is it ethical to inflate our currency to reduce the debt burden, punishing generations of savers and their prudent lives of hard work?

Is it right that our greed threatens the economic freedom that's enabled more people to improve their lives than at any other time in history?

Is it moral that our debt has to be repaid by our unborn children, while we enrich our lives at their expense?

Taking a look at the graph above (found here), clearly something happened around the year 2000, and we all know what that was: the government went on an insane spending spree, with no regard to economic nor moral principles, taking us down a road towards penury. Now, the party responsible, ensconced in opposition, seeks to make capital, as the quote above indicates, by denouncing the cosmetic changes their replacements in government are making under the accusation of 'savage cuts'.

In reality, the current government has no plan to deal with the national debt, and certainly no issue in principle with the state continuing to live way beyond its means, and preying upon us like a junkie threatening his own mother.

We, as a society, cannot afford this kind of government and state. We need to economise. We need to trade in this government model for one that is not so 'high maintenance'.

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