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Jim Cook



Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive


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April 28, 2016

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By Charles Hugh-Smith


Entitlement spending now dwarfs military spending: entitlements are more than $1.75 trillion, half of all Federal spending, while the Pentagon, V.A., etc. costs around $700 billion annually. When military and social welfare spending exceed the state's resources to pay the rising costs: the state/empire collapses. The Roman Empire offers an excellent example of this dynamic. As pressures along the Empire's borders rose, Rome did not have enough tax revenues to fully fund the army.

Meanwhile, the costs of free bread and other foodstuffs and public entertainments (bread and circuses) exhausted the Imperial coffers. Originally intended to alleviate the suffering of the poor, the free bread program had expanded from feeding 40,000 citizens of Rome in 71 B.C. to 320,000 under Augustus – roughly one-third of the entire populace of Rome. Costly entertainments such as bloody gladiator fights that had once been staged on rare public holidays were commonplace by the late Empire, another drain on the state coffers.

A measure of wheat that cost 6 drachmas in the first century A.D. cost two million drachmas after 344 A.D. How's that for inflation? Today, we face the same crunch: the costs of entitlements are outracing the economy's ability to fund them. Entitlements already consume half the federal budget. To pay for entitlements, federal tax rates will have to double.

The Romans were not interested in facing the problem. Once the masses became dependent on the free bread, near-riots ensued when the grain shipments were late. Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient “solution.” Our own Establishment is readying the free money of helicopter drops and printing money to subsidize federal deficits, willfully blind to the eventual destruction of the currency this will inevitably cause. Sadly, nations get the leadership they deserve. Turning a blind eye to reality is not a sustainable solution.