There is no free in liberty.


Tuesday, August 2, 2011

The Joe Biden and Bob Becker "Tea-terrorist" Meme an Indication of Stolkholm Syndrome...


Vice President Joe Biden likens the Tea Party to terrorists and Bob Beckel on The Five derisively labels the Tea Party "Tea Terrorists".

They are not alone.

The idea that the economy was "held hostage" by "tea terrorists" is based on the statist's double assumption that our nation is not being held hostage to the restraints of debt and that our economy is driven by DC policy.

Freeing ourselves from buy-now-pay-later governance requires recognizing that both of those assumptions are fundamentally wrong, that it is the private sector that drives economic growth while policy hinders that growth and that those who support buying nice things via government with the intent to pay later are the real terrorists who hold the nation hostage with the debt they produce.

Consider the Volker approach of raising interests rates in the early 80's in a successful battle against stagflation. If such an approach were needed today we would not be able to afford it, as the cost of carrying our debt would become too high.

Just as labeling the SWAT team that dispatches with hostage takers as hostage takers is a symptom of Stolkholm syndrome for the abducted, so is labeling the Tea Party hostage takers for attempting to dispatch the nation of debt an indication of Joe Biden's and Bob Beckel's mental illness.

Their attachment to debt is a weakness.


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