“Every Form of Refuge Has Its Price”
Trevor Thomas
July 15, 2011
Make no mistake about it, the heart of the current (and future)
financial crisis lay with entitlements, or what some deem “federal benefits.”
Though many point to the collapse of mortgage-backed securities and the real
estate market as triggering the Great Recession, ultimately we are where we are
as a result of far too much debt in the
Very early in our marriage, my wife and I learned a valuable and simple
lesson when it comes to managing money: how to live on budget. As I have written before,
upon making an early commitment never again to be in debt, we have lived the
last 12 years of our 13-and-a-half year marriage completely debt free. This
includes owning our home, cars, (along with having four children), and so on. (See
a video of our financial testimony here.) Our
budget discipline played a huge role in achieving this tremendous financial
freedom.
Of course, any American with an intellectual capacity greater than that
of fans of
Included in these numbers: 46.5 million received Social Security; 42.6 million Medicare;
42.4 million Medicaid; 36.1 million food stamps; 22.2 million WIC; 12.4 million
housing subsidies; 6.1
million unemployment. The
Sadly, far too many Americans are content with our current welfare
state. A recent Wall St Journal-NBC News poll reveals that fewer than 25
percent of Americans favor cutbacks to Social Security or Medicare to reduce
the federal deficit. As the Journal noted, “Even tea party
supporters, by a nearly 2-to-1 margin, declared significant cuts to Social
Security ‘unacceptable.’”
For another illustration of how numerous Americans are willing to take
us even further down our debt hole, last year, when President Obama spoke to an
audience of college students on the subject of health care, he declared that
the students will now be able to remain on their parents’ health insurance plan
until age 26. Upon hearing this, columnist Dennis
Prager noted, “I do not ever recall hearing a
louder, more thunderous and sustained applause than I did then. I do not
believe that if the president had announced that a cure for cancer had been
discovered that the applause would have been louder or longer.”
The Heritage Foundation’s 2010
Index of Dependence on Government, which “is designed to measure the pace
at which federal government services and programs have grown in areas in which
private or community-based services and programs exist or existed to address
the same or similar needs,” had a 2009 measure of 272. In 1990 it was 123. In
1962 it was 19. Thus, in about 50 years, according to this Index, dependence on
the federal government has grown by over 1300%.
Republicans and Democrats alike—in other words most Americans—are to
blame for the monstrosity that is the
“Every form of refuge has its price,” sang the Eagles’ Glen Frey in
1975. The line is from the Eagles’ hit song “Lyin’
Eyes.” Don Henley and Frey wrote the song about a beautiful woman who (seemingly)
marries a “rich old man” so “she won’t have to worry.” However, though she has
many of the finer things in life, she finds herself rather unfulfilled.
It is time for
Trevor Grant Thomas
At the Intersection of Politics, Science, Faith, and
Reason.
Copyright 2011