Rooted in Reason: Nurturing the Seeds of Liberty

It’s Government, Not Business That Needs To Be Broken Up by grassroothawaii
April 30, 2010, 1:04 am
Filed under: Uncategorized

By George L. Berish

Congress’ Financial regulation debate missed the real problem.

“Too big to fail” private companies can precipitate serious problems.  But only governments, like California, whose debt and economic chaos equals that of all other States combined, have the power to take down the other 49, i.e. the entire nation.

That’s because California’s gigantic electoral count (55 – 500% of the average State’s), and its winner-take-all rule, gives it a political WMD compared to average States whose average count  (11) is more like a cutlass and musket.  So when it becomes as profligate as California has, it easily blackmails presidential candidates (and both Parties) into taking money from well run States to pay for California’s profligacy until all collapse.

Therefore, any new Bill must require that any State whose Electoral Vote count exceeds 250% of the national average be split into two States when its debt exceeds safe levels.

Seriously, the biggest private scam in human history – Madoff – barely reached $0.05 Trillion.  Only Congress’ “wink-wink, nod-nod” federal guarantee of Fannie Mae’s junk mortgage bundles — the feedstock from which all the worst “Derivatives” were … well … derived, made a Trillion possible.

So it’s Government, not business that needs to be limited.


1 Comment so far
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Excellent post! And when you add even more states to the mix (e.g. New Jersey and more) it’s easy to see how the Cloward/Piven strategy isn’t so far fetched after all.

Comment by giliar

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