The Death of Capitalism

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By Dennis Powers

 Capitalism, 235, passed away suddenly at home on Aug. 1.  Member of the New York and American Stock Exchange.  Survivors include all American taxpayers.  In lieu of flowers, donations may be sent to the IRS along with the rest of your income to pay off the national debt that can never be retired.

We had an opportunity during the debt crisis to draw a line in the sand: to pay our obligations like debt service, Social Security, Medicare, all military, past and present.  We had enough money to pay all of these.  Everything else should be on the table.  We let the opportunity slip through our hands.

For those who have worked all of their lives and paid into Social Security and Medicare, they deserve to be paid back on their investment.  Unfortunately, this crisis goes to show there may be no “trust fund” and our country has to borrow money just to pay our obligations.

The United States takes in approximately $200 billion of taxes and revenue each month and spends approximately $300 billion each month.  How long can we continue to do that?  If your household took in $2,000 per month and spent $3,000, how long would it be before you went bankrupt?  If your business revenues were $20,000 per month and expenses were $30,000 per month, how long would the doors say open?

The state of Tennessee has a balanced budget amendment – we pay our bills each year as they come due, so we have no debt.  When times are tough as they are right now, we reduce our expenses.  It is what any sensible government would do and what any household or business would do – but, not our federal government - they kicked the can down the road once again.

Why would anyone oppose a balanced budget amendment at the federal level as Harry Reid, Nancy Pelosi and others do?  What could be their motivation?  They know that eventually we will go bankrupt, so why not fix the problem?  Why would the Obama administration increase the national debt from $9.5 trillion to $14trillion in 2 ½ years?

I can only think of one logical reason.  For years, the far left has dreamed of a socialist utopia.  But, who would ever vote for Socialism to replace Capitalism?  Yes, there would be a few like Rep. Bernie Sanders, an avowed Socialist, but there is no way it would ever pass in Congress.

But, behold, there is another way!  Enter the Cloward-Piven Strategy.  The Cloward-Piven Strategy is named after Columbia University (Obama’s alma mater) sociologists Richard Cloward and Frances Piven.

Their goal was to overthrow capitalism by overwhelming the government bureaucracy with entitlement demands. The created crisis (there’s that word again) would provide the impetus to bring about radical political change.  Ring a bell?

Is this the change that 53- percent of the people voted for?  Do we actually want Socialism?  Is this the change that Obama was talking about when he said he was going to “fundamentally transform America?”

By definition, Socialism is a political and economic theory of social organization that advocates that the means of production, distribution and exchange should be owned and regulated by the community as a whole.

In Marxist theory, Socialism is a transitional social state between the overthrow of Capitalism and the realization of Communism.  Remember the Cloward-Piven strategy?

Now with Obamacare, liberals and big government proponents want the same government that is bankrupting Medicare and Social Security to spend over a trillion dollars on a government healthcare takeover that may bankrupt our country. 

Conservatives know that a government big enough to give you everything you want is big enough to take away everything you have.

We have to be Constitutionalists and stand up for the principles and beliefs upon which this country was founded. Our founders were willing to put their lives on the line for our country – are we? 

All throughout history, men and women have sacrificed for our country. Over 1.3 million have died in battle for our country since its inception and many millions more have been wounded. 

Are we willing to get off the couch and call or write Congress and tell them we want a balanced budget amendment? Are we willing to get on our knees and pray for our country?  Are we willing as the Revolutionary Flag stated, “Appeal to Heaven?”

Are we willing to sacrifice some time and effort to make sure we elect leaders that believe in our Constitution and the Divine Providence upon which our country was founded? 


If not, in a few years, we will not recognize the country our men and women have fought and died for throughout history. As Margaret Thatcher said, "The problem with Socialism is that eventually you run out of other people's money."

Dennis Powers is the State Representative for the 36th District which includes Campbell and Union Counties.  Send your comments to DennisHPowers@Comcast.netor mail them to POB 179, Jacksboro, TN 37757.