In his classic treatise, "Liberalism," written in the 1920s, Ludwig von Mises wrote some amazingly relevant comments concerning Barack Obama's budgetary demands and the current negotiations between the Republicans and Democrats on the "fiscal cliff":
The technique of these parties is based on the division of society into producers and consumers. They are also wont to make use of the usual hypostasis of the state in questions of fiscal policy that enables them to advocate new expenditures to be paid out of the public treasury without any particular concern on their part over how such expenses are to be defrayed, and at the same time to complain about the heavy burden of taxes.
The other basic defect of these parties is that the demands they raise for each particular group are limitless. There is, in their eyes, only one limit to the quantity to be demanded: the resistance put up by the other side. This is entirely keeping with their character as parties striving for privileges on behalf of special interests. Yet parties that follow no definite program, but come into conflict in the pursuit of unlimited desires for privileges on behalf of some and for legal disabilities for others, must bring about the destruction of every political system.
Barack Obama does not share the same desire to right the fiscal ship of state. His path of unlimited spending is quite intentionally the road to ruin for this political system. The one thing he does not want -- and the one thing which should not be limited -- is the resistance of the Republicans.
Barack Obama is overreaching. It is time to make a stand and focus on the crushing, debilitating spending which will ruin the Republic. Resistance is not futile. It is not a hopeless choice; it is the only choice.
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