**Posted by Phineas
Liberals decry all the corporate money in politics, while conservatives worry that President Obama plans to spend a billion dollars to fund his reelection campaign.
Bill Whittle calls that “chump change.”
In another of his Firewall videos, Bill examines what he calls “The Vote Pump:” the money the federal government can use to make sure you vote the way the statists want. It’s eye-opening, to say the least.
Interesting, isn’t it? We currently take in more than enough revenue to fund the actual government (setting aside for the moment how many of those are legitimate functions), but what’s killing us is the nearly 60% of all federal spending that goes toward entitlements.
And it’s a percentage that, under current conditions, is only going to go up as the population ages.
Bill calls this a vote pump — money in, votes out. I think of it more as a form of economic heroin: give people “free money” and make them dependent, afraid to give it up. And, no matter how much they realize intellectually that the system is unsustainable and bad for the nation, that fear will lead most to vote to keep in power those who promise to keep the smack coming — the statists, whether Democrat or Republican.
It’s as de Tocqueville once wrote:
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money. (1)
So when conservatives mock Gingrich for proposing a lunar base (“Too expensive!!”) or lefties decry all the money for the military (“Think of the children!!”), just take another look at Whittle’s chart and remind yourself of what the real problem is.
And then look at Greece to see where it will lead.
(1) Arguably misattributed.
(Crossposted at Public Secrets)