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Scarcity or Abundance
Date posted - February 17, 2014
Concerns about scarcity created controversy when it was realized that 47% of the people were on some kind of government program. It was not just that millions of “the poor” were on welfare, Medicaid and unemployment assistance; but, that tens of millions of “middle class” Social Security, Medicare and college loan beneficiaries and thousands of public works, financier and green-energy contractors were also dependent. Now, new financial, healthcare and energy regulations could have 74% of the population on government assistance, benefits and subsidies. Most of the people signing up for Obamacare are getting subsidies, the number of people on Medicaid is quadrupling and most employees going part-time will need government help for food, housing and transportation. The “rich” business owners, pensioners and mutual fund investors not only face rising regulatory, tax and healthcare costs, they see their property values, savings and investments decline every time the Federal Reserve threatens to reduce quantitative easing or Congress considers cuts in spending. Yet; we have an abundance of coal, oil and natural gas resources. By limiting government and freeing markets we could lower the cost of production and foster economic growth. We could once again be the land of the free; if we become the home of the brave.