econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 24 February 2016

Democratic Socialism vs. Democratic Imperialism

Written by

More than two years ago, I clearly defined Democratic Imperialism and Democratic Socialism, as they have been destroying America from the right and the left, respectively. They are both becoming increasingly relevant in this Presidential election year, more so than previous years, with Bernie Sanders rising on the far left promising everything free and Donald Trump rising on the far right promising an even bigger military! So perhaps it's time to highlight these two democratic disasters and somehow compare them ...

1. Democratic socialism

As an example, watch this short video:

2. Democratic imperialism

As an example, watch this short video:

Of course, the mess at the Pentagon is surely much worse today than it was on 9/10/2001, thanks largely to the Iraq War. Two examples:

  1. Syria: After spending $500M, US has trained only 'four or five' Syrian fighters against ISIS!
  2. The U.S. May Build 500 Jets before Finding Out If the F-35 Works.

3. Understanding debt and deficit

Our national debt has just exceeded $19 trillion (The U.S. Debt just Exceeded 19 Trillion), from $10 trillion on January 20, 2009, the day before President Obama took office.

Where does the national debt come from? Obviously, it is the result of spending $19 trillion more than our income! It is chiefly an accumulation of our yearly federal budget deficits, as we have been spending much more than we take in, for years!

Now, let's understand our federal budget using 2015 as an example (President's 2015 budget in pictures).

3.1 2015 Federal budget

As shown by the pie-chart below, it has two big parts:

  1. Mandatory spending (65%, or $2.6 trillion): It refers to entitlement programs like Medicare and Social Security.
  2. Discretionary spending (29%, or $1.16 trillion): It refers to the part of the federal budget that Congress determines annually during the federal budget process.

Bottom line: to cut the mandatory spending, we must address the explosive growth in Medicare and Social Security!

3.2 2015 Discretionary spending

It can be parsed as shown below:

Bottom line: to cut the discretionary spending, we must address military spending! No Republican is truly a conservative if he (or she) is not fiscally conservative and responsible!

4. Discussion

Fiscally speaking, Democratic Imperialism and Democratic Socialism are equally bad, as they both spend our future.

Morally speaking, Democratic Imperialism is worse than Democratic Socialism for three main reasons:

  1. It's for the benefit of America's MIC (Military-Industrial Complex). Here is a recent example: Turkey's Erdogan says Syrian Kurdish militia used U.S. weapons on civilians - What a great business for the MIC: selling weapons to both sides! For more, read: America: A Culture of War.
  2. It invites more war and killing. For more, read: 9/11 Attack vs. Pearl Harbor Attack.
  3. It's mostly a waste in the era of MAD (Mutually Assured Destruction). For more, read: Don't Mess with Nuclear-Armed China!

Economically and overall, Democratic Socialism is far worse than Democratic Imperialism, because it destroys American capitalism, which is America's very foundation, including democracy! For more, read: Pyramid Theory I, Version 3.

5. Closing

Most Americans hate wars, especially the Iraq War! Unless the GOP seriously addresses the issue of Democratic Imperialism, in order to win a large number of independent voters in the middle, Democrats will continue to hold the American Presidency! For more, read my book: The GOP Bible for 2016!

Page Code: 77Count: 1187

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction
Fixing Obamacare - Why It Won’t Be Easy
News Blog
Why Your Phone Battery Gets Worse With Time
25 November 2016: ECRI's WLI Growth Index Improves
November 2016 BLS Jobs Growth Continues To Be OK, Just Not Great
Rail Week Ending 26 November 2016: Another Positive Week
It Will Take More Than A Wall To Solve Border Crime
Infographic Of The Day: How The Power Grid Actually Works
Early Headlines: Asia Stocks Down, Oil Eases, More Trump Noms, May Rebuked At Polls, Italy's 5 Star Movmt, Assad's Treachery, India's Currency Mess, Canada's Housing Bubble Popping? And More
30 Years Of American - German Trade Relations
How To Measure Audience Engagement Online
Chinese Smartphones On The Rise
Why Journalistic 'Balance' Is Failing The Public
75,000 Children In Nigeria At Risk Of Starving To Death
What We Read Today 01 December 2016
Investing Blog
Anticipating The Trend Change Makes For The Lowest Risk
It's Early Winter - Watch Out For Thin Ice
Opinion Blog
What Would It Take For Inflation To Surge - Or Even Just Emerge?
How Can China's Renminbi Deal With The Rising Dollar Risk?
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
02Dec2016 Pre-Market Commentary: US Stock Futures Flat, Crude Prices Slipping, US Dollar Falls Below 101, Gold Steady, Trump Rally Set To Fizzle
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved