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Brown Wins Mass. As Nation Begins Long Road Back to Fiscal Sanity

By: Steve Johnson

1/20/2010 - 15 Comments

It appears that the deepening recession has done its work in educating the public as to how much damage the over-spending government is doing to the economy.

This is a very significant leadership change because this Senate seat has long been thought of as remaining with the Democrats forever. 

Massachusetts is not a swing state. They are perhaps the most liberal state in the U.S., which means the Democrats in Mass. voted for this leadership change.

This could be a turning point in history, where public anger and a deepening recession has increased public awareness of the disastrous government policies that are leading the nation towards further economic collapse.

A few months ago I said,

“Maybe the political leaders are going to figure this out and start cutting government (spending) before the masses actually come to this understanding. “

That never happen and it doesn’t appear to be happening. The political leaders seem unable to understand that their spending is out of control and it looks like the public is going to have to replace them with leaders that share their understanding.

Liberal states like Mass. love to vote for leaders that support their programs, which in turn spend money to fund their programs.  But the collapsing economy has forces the voters to realize that the nation is broke and cannot continue spending money that we don’t have.

Of which, the Health Care Reform bill is a large spending program that the nation cannot afford.

The Real Change We Need

Obama came into office on the campaign slogan of ‘change’, but the real change we need to a drastic reduction in government spending and government intervention in the economy.

The real problem that the public has not realized yet is that the over-spending government has been creating waves of inflation to pay for much of the economic success of the last 30 years.

If the government stops creating inflation, the economic will sink further into recession - but the sooner the better because we have no other choice.

The public that is angry at the leadership for over-spending doesn’t realize that they are also going to stop the inflation machine.

Usually inflation cannot be stopped until the results of inflation, which are higher prices, have educated the public enough for them to wise up.

But in this case, due to foreign ‘vendor financing’, the public is largely unaware of the inflation that the government has been creating for several decades, yet they have begun the process of stopping it.

Congress to Continue Spending

At the same time, the President and Congress have no intentions of slowing spending.

Congress is currently planning to continue to stimulate the economy with bailouts and handouts.  They are not likely to stop until they are replaced in the 2010 elections, pushing us dangerously closer to hyperinflation.

Congress and the President need to stop spending and start cutting, and the sooner they do the sooner the economy will be forced to face the sins of our over-spending inflationary policies that got us into this mess. 

Make no mistake; there is no other way out of this economic mess. Creating yet another round of inflation is not going to fix the economy. The government cannot fix the economy, only the people can. 

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What Has Government Done to Our Money?

Rothbard gives us an exceptionally clear, detailed description of what money is and how it has come to be manipulated by governments and central bankers into almost worthless inflationary fiat paper currency. He then explains how gold became the most respected and trustworthy currency of choice and the prospect of either hyperinflation or the greatest depression the world has ever seen may be arriving in the very near future.

The Hyperinflation Survival Guide: Strategies for American Businesses

The Hyperinflation Survival Guide offers strategies for business managers to keep their enterprise afloat in the midst of runaway inflation. Within this succinct little book are a plethora of sensible business strategies for American businesses. If businesses are to survive they must effectively counter and minimize the ill effects of rampant inflation and/or hyperinflation. The utmost prudence is required in managing accounts receivable, inventory, and production at such a time. A sudden inflationary economic downturn may very well bring a business to its knees leading to insolvency.

Empire of Debt

Many Americans have resisted the notion that their country is an imperial power. The idea seems to contradict the values of the Republic and its Founding Fathers. But in Empire of Debt, prominent financial analysts Bill Bonner and Addison Wiggin argue passionately that not only is the United States an empire, but it is also one whose end is coming soon.

Day of Reckoning

In Day of Reckoning, Pat Buchanan reveals the true existential crisis of the nation and shows how President Bush's post-9/11 conversion to an ideology of 'democratism' led us to the precipice of strategic disaster abroad and savage division at home. Ideology, writes Buchanan, is a false god that seeks vainly to create a paradise on earth. While free enterprise is good, the worship of a 'free trade' that is destroying the dollar, de-industrializing America, and ending our economic independence, is cult madness.