No one has ever cited an example of a government that taxed, borrowed and spent its way to prosperity. Yet President Barack Obama continues to impose discredited economic theories and practices on an accelerated and gargantuan scale hoping to change the outcomes.
One definition of insanity is doing the same thing over and over again and expecting different results.
More troubling is the president’s notion that government is the only solution to every problem. After Katrina, New Orleans mayor Ray Nagin announced 314 public rebuilding projects. Over two and a half years later, just six were completed. Wal-Mart on the other hand, had 110 of 126 damaged stores up and running within ten days.
In the 1980s, New York City spent $12 million dollars and could not get the Wollman Skating Rink built in six years. Donald Trump spent $2.25 million dollars of his own money and built it in six months.
In April of this year, an access road to Hawaii’s Kauai Island State Park was damaged due to flooding. The government estimated the repair to take two years at a cost of $4 million dollars. The business owners and residents completed the repair in eight days for free.
Our engine of prosperity has always been free men creating, producing, and supplying our needs in a free market economy protected by the Constitution. The government produces nothing; it only redistributes what it has taken from those who do.
Ever wonder what will happen when the engine of prosperity stops and there’s nothing left to take? Atlas will shrug.