{"id":11435,"date":"2010-02-28T10:06:23","date_gmt":"2010-02-28T17:06:23","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=11435"},"modified":"2010-06-26T09:41:49","modified_gmt":"2010-06-26T16:41:49","slug":"mark-steyn-when-responsibility-doesn%e2%80%99t-pay","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11435\/mark-steyn-when-responsibility-doesn%e2%80%99t-pay\/","title":{"rendered":"Mark Steyn: “When Responsibility Doesn\u2019t Pay”"},"content":{"rendered":"

National Review Online:<\/a><\/p>\n

Think of Greece as California: Every year an irresponsible and corrupt bureaucracy awards itself higher pay and better benefits paid for by an ever-shrinking wealth-generating class. And think of Germany as one of the less profligate, still-just-about-functioning corners of America such as my own state of New Hampshire: Responsibility doesn\u2019t pay. You\u2019ll wind up bailing out anyway. The problem is there are never enough of \u201cthe rich\u201d to fund the entitlement state, because in the end it disincentivizes everything from wealth creation to self-reliance to the basic survival instinct, as represented by the fertility rate. In Greece, they\u2019ve run out Greeks, so they\u2019ll stick it to the Germans, like French farmers do. In Germany, the Germans have only been able to afford to subsidize French farming because they stick their defense tab to the Americans. And in America, Obama, Pelosi, and Reid are saying we need to paddle faster to catch up with the Greeks and Germans. What could go wrong?<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

National Review Online: Think of Greece as California: Every year an irresponsible and corrupt bureaucracy awards itself higher pay and better benefits paid for by an ever-shrinking wealth-generating class. And think of Germany as one of the less profligate, still-just-about-functioning corners of America such as my own state of New Hampshire: Responsibility doesn\u2019t pay. You\u2019ll […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[251,29],"tags":[],"class_list":{"0":"post-11435","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","7":"category-group-therapy","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14143,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14143\/greece-is-the-word-is-the-word-is-the-word\/","url_meta":{"origin":11435,"position":0},"title":"“Greece is the word, is the word, is the word…”","author":"Sean Purcell","date":"February 18, 2011","format":false,"excerpt":"Some of us, here on BHB and elsewhere, have been arguing that a collapse is coming.\u00a0 A financial collapse due to the almost incomprehensibly\u00a0fraudulent practices of the local, state and federal governments.\u00a0 A fraud so immense that most of us can't even begin to wrap our minds around it.\u00a0 In\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12043,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12043\/everything-the-ancient-greeks-warned-us-about-democracy-has-come-true-in-modern-greece-and-right-here-in-river-city-as-well\/","url_meta":{"origin":11435,"position":1},"title":"Everything the ancient Greeks warned us about democracy has come true in modern Greece — and right here in River City as well","author":"Greg Swann","date":"May 22, 2010","format":false,"excerpt":"Mark Steyn in Macleans:Traditionally, a bank is a means by which old people with capital lend to young people with ideas. But the advanced democracies with their mountains of sovereign debt are in effect old people who\u2019ve blown through their capital and are all out of ideas looking for young\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14866,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14866\/could-mortgage-rates-drop-after-a-treasuries-credit-ratings-downgrade\/","url_meta":{"origin":11435,"position":2},"title":"Could Mortgage Rates DROP after a Treasuries’ credit ratings downgrade?","author":"Brian Brady","date":"July 29, 2011","format":false,"excerpt":"The dictated debt limit deadline looms and a credit rating downgrade, to US Treasury securities and agency mortgage-backed securities, seems likely.\u00a0 Naturally, a spike in treasury yields is expected and a subsequent rise in mortgage rates should follow. \u00a0 That's right out of the senior year textbook, in most American\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5598,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5598\/lets-crash-some-markets\/","url_meta":{"origin":11435,"position":3},"title":"Let’s Crash Some Markets","author":"Brian Brady","date":"November 13, 2008","format":false,"excerpt":"European Leaders lauded our free-market system when they were making money.\u00a0 Today, their answer is more regulation of financial markets in an effort to move our system towards the Euro-Socialist model: Leaders from the Group of 20 advanced and emerging economies are being hosted on Friday night and on Saturday\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11391,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11391\/dawn-in-america-part-3-can-we-educate-the-masses-for-profit\/","url_meta":{"origin":11435,"position":4},"title":"Dawn In America- Part 3-Can We Educate the Masses (For Profit?)","author":"Brian Brady","date":"March 2, 2010","format":false,"excerpt":"Information can be a glow in the\u00a0 darkness. Traditional higher education models are losing market share to cheaper education delivery systems.\u00a0\u00a0\u00a0 Young people now have the opportunity to learn the very same principles for free that are taught to the people they may eventually hire to run their businesses.\u00a0 I\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12039,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12039\/the-next-bubble-to-burst-government\/","url_meta":{"origin":11435,"position":5},"title":"The Next bubble to burst: Government!","author":"Al Lorenz","date":"May 21, 2010","format":false,"excerpt":"I've been a bit slow on this one.\u00a0 I have been wondering what sector of the economy was going to over inflate and burst next.\u00a0 The answer has been right in front of me the whole time but the reason I did not see it very clearly is because I\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=11435"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11435\/revisions"}],"predecessor-version":[{"id":12431,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11435\/revisions\/12431"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=11435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=11435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=11435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}