Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
It's the Labour Government that have brought us record peacetime taxation. They've got the usual Socialist disease - they've run out of other people's money.
A government can be compared to our lungs. Our lungs are best when we don't realize they are helping us breathe. It is when we are constantly aware of our lungs that we know they have come down with an illness.
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.
For decades, our differences with Iran meant that our governments almost never spoke to each other. Ultimately, that did not advance America's interests.
But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
I think American culture had just become so disengaged from the process of government, and we'd been so fuzzed out by our pop culture around us, that I don't think people really saw this guy for what he was.
At one end of the spectrum are the terrorist gangs within our borders, and the terrorist states which finance and arm them. At the other are the hard left operating inside our system, conspiring to use union power and the apparatus of local government to break, defy and subvert the law.
It is the people, and not the judges, who are entitled to say what their constitution means, for the constitution is theirs, it belongs to them and not to their servants in office—any other theory is incompatible with the foundation principles of our government.
Unless the people can choose their leaders and rulers, and can revoke their choice at intervals long enough to test their measuresby results, the government will be a tyranny exercised in the interests of whatever classes or castes or mobs or cliques have this choice.
Whereas the truth is that the State in which the rulers are most reluctant to govern is always the best and most quietly governed, and the State in which they are most eager, the worst.
We find ourselves under the government of a system of political institutions, conducing more essentially to the ends of civil and religious liberty, than any of which the history of former times tells us.