Choom Gang Economics

Discussion in 'Politics' started by LogikAndReazon, Sep 7, 2012.

  1. LogikAndReazon

    LogikAndReazon Gold Member

    Feb 21, 2012
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    See-Get: Choom Gang Economic Theory
    By Keith Riler

    When I read the other day that food stamps are being used to buy pop tarts, cookies, honey buns, candy bars, corn dogs, taffy, and cheesecake, it finally clicked: liberal economic and social policies reward stoners.

    In honor of the president's old gang, let's call this new Chicago school of economic and social policy Choom Gang Economic Theory ("CGET" or the more descriptive "See-Get Economics," particularly given the theory's heavy reliance on entitlement and notable lack of emphasis on work).

    CGET's apparent goal is to extend adolescence indefinitely, and then mire it in vice. This will have devastating effects on American youth and the economy, but it completes the link between Summer of Love irresponsibility and modern liberal economic theory.

    Consider the following Obama/Democrat Party initiatives and achievements:

    Ninety-nine weeks of unemployment insurance now provide a cushion, not a safety net.
    A waiver of the work requirements for both cash welfare and food stamps, which waiver further removes the incentive to work.
    Forty-six point seven million Americans, more than the populations of Canada, Poland, Spain, or Australia, are now on food stamps. As mentioned, food stamps are great for the munchies.
    ObamaCare's slacker mandate requires that parent insurance policies cover health care for extended adolescents up to 26 years of age.
    With the need to work eliminated, food provided, and insurance covered, one certainly can't be expected to pay birth control. No worries: ObamaCare provides contraception free of charge. There is admittedly a low likelihood that a stoner living in Mom's basement will need this giveaway, but the dazed beneficiary appreciates it nonetheless (just in case).
    And finally, there is a growing Democrat movement to legalize marijuana across the land.
    As mentioned, CGET is a new Chicago school. The old Chicago school of economics emerged from one of the world's foremost academic departments and was led by the most important economic scholars of the twentieth century, including George Stigler, Milton Friedman, Richard Posner, Eugene Fama, and Friedrich Hayek.

    The old school focused on the efficiency of free markets, monopolies resulting from government interference, rejection of fiscal policy as a demand-side tool, and the money supply. Friedman, Posner, and the others were ardent free-marketers, passionate deregulationists, and deeply concerned with the importance of work and resource efficiency:

    We have a system that increasingly taxes work and subsidizes nonwork.......

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