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A View from the Altar / What kind of mind thinks of these things?
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What kind of mind thinks of these things?

The news media keep dribbling out information about the economic stimulus package.  It’s going to be big.  It’s going to be bold.  The administration plans to spread around about a trillion dollars.

Naturally, Mr. Obama has some goals built into the spending package.  Mostly he wants the economy to get stronger, which we all do.  He also wants to boost production of “green” energy, which mostly amounts to producing electricity by methods involving no carbon because carbon is the Death Star destroying the planet.  This means putting up solar panels and wind farms which make electricity at twice to three times the current price (that will help the budget).  And there’ll be new roads and bridges, fashionably termed infrastructure.  I envision lots of traffic snarls as unions quickly destroy existing roads then go on strike when it’s time to re-pave.

This is Bro. Steve’s analysis of the root cause of America’s economic slump: Americans have been borrowing lots of money to spend it for purposes we can’t afford.  In the private sector, this has resulted in overproduction of cars, overproduction of high end housing, dramatic price inflation in college tuition, and millions of individuals ruining their financial futures with unsustainable debt.  At the tail end of this train came the mortgage meltdown and the credit defaults as debtors, sho’ ’nuff, couldn’t sustain the unsustainable. Colleges are scrambling too (said Bro. Steve, feeling suitably guilty about his intense rush of schadenfreude) as lenders are suddenly not interested in students who borrow upwards of $100,000 to pay for an education which can’t pay for itself.

The government, like a bad parent, has stepped in to patch it all up thereby making everything worse.  So, the public sector has been borrowing to prop up a crippling burden of government transfer payments (by some accounts slightly over fifty percent of the total federal budget), give-aways and pork barrel spending of every description, and now tremulo-ginormous expenses in keeping up interest payments to foreign holders of our debt.

It’s not clear that our economic solons have pinpointed the cause.  The best economic analysis available on the worldwide web came from a skit on Saturday Night Live: If you don’t have the money, don’t buy stuff.

The new messianic approach is to “pump liquidity into the markets.”  I looked up this phrase in my government interpretation manual and discovered it means politicians will give cash to their rich friends who will, in turn, convert a handsome percentage of it into campaign finance contributions. It’s like a closed Rankine cycle for money.  Is this a great country or what?

Now, me being a rube, I’m thinking too much money has already been sucked out of the economy in the first place.  And if so, then an obvious approach is to stop taking out so much.  This plan is simpler, instantaneously results in more cash in the economy, and it has the advantage that it lets people use the money they have already earned.

So why isn’t this solution obvious to everybody?  It rewards effort, innovation, and hard work, creates jobs, and provides things people want, all of which seems like a good idea if your goal is the wellbeing of Americans. It transfers power away from politicians and their friends and leaves it in the hands of people who produce things, which back in ye olden tymes, was considered one of the perks of living in a free country.

But being not only a rube but also a cynic, I can see that my obvious solution has a problem. Our controllers, or enough of them anyhow, have sweltered in the mind-swamp of Ivy League Marxism and see only badness here.  Allowing the competent, capable, and productive to rise creates the perfect storm of classism, dividing society into producers and those who work for them.  It’s much better from their point of view to levelize everyone by taking money from producers and giving it to non-producers so that society trends toward classlessness. And it doesn’t hurt that the Marxist way results in ascendance of a different controller class — politicians — who then get to supervise everybody.

The biblical view of the trillion dollar stimulus plan reveals many problems all traceable to just one:  It amounts to institutional rebellion against the eighth commandment (the one against stealing). Just about every proposal from Team Obama runs afoul of this precept. Taxing producers to give cash to non-producers is not a legitimate function of the government. It’s a radical abuse of the otherwise legitimate power to levy taxes. In like manner, switching the printing presses to turbo-boost and issuing trillions of dollars of fiat money converts the Federal Reserve into the world’s biggest counterfeiting operation. It is just a way of stealing money from people who saved it and transferring it to others. It’s likewise an abuse of the government’s legitimate power to coin money.

One of the ways God manifests His sovereignty is by the inviolable nature of His law.  He’s ordered creation where it cannot function successfully unless we honor Him by respecting his law.  To whatever extent our handlers won’t  do that, they ensure their failure… and ours.

Our rulers wish to establish their ability to govern without God.  They might as well try to breathe without air.  Like other narratives unfolding these days , this one doesn’t look like it’s going to end well.

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