“The results of this election may have preserved the Greek bailout deal for now, but a bailout is not the correct way to handle such a situation. Bailouts essentially reward fiscal mismanagement and create a moral hazard that encourages more fiscal irresponsibility.

“As bailouts subsidize bad economic behavior, they will cause more bad economic behavior in the future. The Greeks have made poor decisions and taken ill-advised risks, and the time has come for them to suffer the consequences of those decisions. Continuing bailouts of their socialist system will only make the inevitable crash worse.

“The correct message to send to other struggling nations in the Eurozone is that the time has come to get their fiscal houses in order, and not to continue to spend wantonly and look for a bailout that may not come.

“The United States is the only nation with the power to veto IMF bailouts, and the time has come to not only use this power, but to withdraw from the IMF, as no authority is granted to the federal government by the Constitution for involvement in an international monetary bureaucracy.”

The Libertarian Party is the only party that will get the United States out of the IMF.

Go here to read the full column.

United Liberty

These facts should stop dead any further pushes to defend and keep public pensions sacrosanct. The left and public unions may get up and toot their own horn, but they can bleat about it until they’re blue in the face: the simple fact is we have no money. Eventually, people are going to get sick of the reductions in service and the hiking of taxes in order to pay for these pensions, and they’re going to come at them with hatchets.

Yet, for some inane reason, public unions cannot recognize this fact. They cannot see ahead even just ten years.

The good times are over. We all need to make cutbacks in order to get through this, and that includes our government. No matter what the left likes to think, reality does not have a liberal bias. It has a libertarian one.

Libertarian National Campaign Committee Chairman Wayne Root has long been speaking out about the need for public pension reform.  It’s an issue that threatens to lead our nation down the same road as Greece, toward riots and flames.

Republicans consistently fail to address the issue.  Democrats won’t touch it.  There’s only one way to save America from bankruptcy and economic collapse — support Libertarian candidates.

Go here to chip in $10 or more to support Libertarian candidates.

Go here to learn more about running for office as a Libertarian.

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