Friday, May 27, 2005

Bankrupt

Drizzten:

I sympathize with those people who have earned (or owned) enough to cross some measure of wealth (picked arbitrarily by a bunch of legislators who had little to do with the production of that wealth) that says they, by the fact that they have more wealth, ought to and will be forced to pay more than everyone else. Bullshit like that doesn't fly at McDonald's, yet it is endorsed again by significant numbers of Americans.
And it's endorsed by even more Canadians.

From today's LFP:

"The province should pay for the care of severely disabled children and reunite families torn apart by its lack of support, Ontario's ombudsman said yesterday in a scathing report."

"Prime Minister Paul Martin defended his recent social spending spree yesterday as part of the "cold arithmetic" necessary to keep his minority Liberal government alive, but promised business leaders he's not about to steer Canada back into deficit.

A week after narrowly surviving a tense budget vote in the House of Commons, Martin was in Toronto to take on critics of the $4.6-billion budget agreement he forged with the New Democrats that allowed the Liberals to avoid a spring election."

"International donors, led by Canada, yesterday pledged an additional $200 million US to fund the African Union peacekeeping operation in Darfur.

The Canadian pledge, by far the largest at a conference to raise money to stop the violence in western Sudan, promised the equivalent of $134 million US."

"Ontario researchers and graduates will receive $1.8 billion over the next four years, Premier Dalton McGuinty said yesterday.

The money is on top of a $6.2-billion hike in post-secondary funding announced in the budget."

"Investing in cultural infrastructure is just as important as paying for new roads and sewers, federal Labour Minister Joe Fontana said yesterday while announcing $2.9 million in funding for the Stratford Festival.

"We spend tonnes of money on improving fiscal infrastructure, but when it comes down to it, I think it's the social and cultural infrastructure that really defines a country, defines the community," Fontana told reporters following the funding announcement."

"Publicly funded schools in Ontario will receive $61 million starting this fall for new textbooks and other library resources, Education Minister Gerard Kennedy said yesterday."

Drizzten:
I am amazed at the conceptual desert that nearly every political commentator has occupied throughout the contemporary discussion of the government’s finances. You'll find a great many people bitching about deficits and almost everyone else saying they have some importance, but don't really matter in the long run. Since the rarity of a large American unit of government posting a "surplus" is so great, the dominating issue is the deficit and whether it should be eradicated or what its proper size should be.

Yet, here I am, thinking in a scream, What's the point of arguing over whether wealth taken through the direct threat of police violence and asset seizure ends up meeting the expenses of government or not? Why is this even being debated? That wealth belongs to the government just as much as the car stereo thief owns the audio equipment he steals from a vehicle; in other words, not at all. A government deficit is simply the binge-spending over and above what that pack of criminals already owe their victims from robbery in the first place, but charged to future generations of victims.

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