Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

““The real damage is done by those millions who want to ’survive.’ The honest men who just want to be left in peace. Those who don’t want their little lives disturbed by anything bigger than themselves. Those with no sides and no causes. Those who won’t take measure of their own strength, for fear of antagonizing their own weakness. Those who don’t like to make waves or enemies. Those for whom freedom, honour, truth, and principles are only literature. Those who live small, mate small, die small. It’s the reductionist approach to life: if you keep it small, you’ll keep it under control. If you don’t make any noise, the bogeyman won’t find you. But it’s all an illusion, because they die too, those people who roll up their spirits into tiny little balls so as to be safe. Safe?! From what? Life is always on the edge of death; narrow streets lead to the same place as wide avenues, and a little candle burns itself out just like a flaming torch does. I choose my own way to burn.””     Sophie Scholl

August 3, 2010

State Debt A Problem Well In Advance Of Great Recession

by Brad Warbiany

I saw a chart today that took me aback. At the Cato @ Liberty blog, a look at aggregate state debt over the last decade:

I had well expected that state governments were growing their budget in accordance with the boom economies of the past decade (especially rising property tax collections through the boom), but hadn’t realized that they were piling on loads of debt ON TOP OF that new spending.

Of course, I don’t labor under the false belief that state governments are fiscally responsible, but one would have thought that they might have been happy to spend merely the new windfalls they were reaping in revenues, not far outstrip those windfalls with added debt-fueled spending.

Napoleon said “Never ascribe to malice that which can be adequately explained by incompetence.” I certainly think there’s incompetence involved, but I’m not sure the explanation is adequate.

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