Historian Arthur Herman has a very interesting article at the Fox News website, which discusses the fiscal cliff, sequestration, and recent events in the city of Rosario, Argentina, where the good people have been rioting recently.
While unrest in Argentina is nothing new, Mr. Herman draws a very uncomfortable parallel between the events in Rosario and what is currently happening in this country, and calls out the real culprit, those actual takers: the unstoppably growing public sector economy.
Since 1970, America’s public sector has exploded as a percentage of GDP, rising to almost 25% last year. While the national unemployment rate hovers at the 8% mark, government worker unemployment rate is a cozy 3.8%. Sixteen percent of America’s workforce now work for government. By the time the Obama administration ends, we won’t be that far away from Argentina’s 21 percent.
Yet as an economic and social enterprise, government creates nothing. [emphasis mine]
Far from adding to people’s standard of living, government is the number one cause of poverty in this country. It forces those who depend on its largesse to live hand to mouth, with no time or money to plan for the future. They become unable to fend for themselves—and increasingly resentful of those who can…
Obama and the Democrats are relative newcomers to the game. But Argentina reveals who really suffers when those who create a nation’s wealth get mugged by those who spend it–as just happened this week in Washington.
It’s the poor and the middle class, the very ones big government says it’s trying to protect.
At this point, I diverge with the author, as I have seen no evidence that the Obama administration is actually trying to protect members of the poor and middle classes. The only thing being protected here is the reliably Democrat voting bloc. And that’s happening in the usual way, with
bread foodstamps and circuses Obamaphones.
Say what you will about Argentina, especially since the Peron era, the Obamas are no pikers. By the time Obama leaves office, there may not be much in the way of economic difference between America and Argentina.
And then the Obamas will waft away to gracious exile in Hawai’i, leaving the rest of the nation to topple, crash, and burn due in large part to the huge debt and even huger government that they deliberately created.
Rosario may look pretty good in comparison, by then.