Wind power, anyone?

Last year I pointed out that ultimately, all the social spending policies negatively impact employment so incoming tax receipts simply can’t fund all the programs – Voldemort bills, cap-n-trade, refinancing people’s mortgages who bought houses too big for their budget, etc. So, how do other social democracies fund it? Allow me to dust off a couple data points from “Will that be cash, credit or fossil fuel?” 6/28/09

Netherlands: The Netherlands is home to many globally renowned brands including Unilever, Heineken, Royal Dutch Shell, Philips and DSM. It is also home to one of the largest natural gas fields in the world.

United Kingdom: The UK has large coal, natural gas, and oil reserves; primary energy production accounts for 10% of GDP, one of the highest shares of any industrial nation

Canada: Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada’s most important

France: Leading industrial sectors in France are telecommunications (including communication satellites), aerospace and defense, ship building (naval and specialist ships), pharmaceuticals, construction and civil engineering, chemicals, and automobile production….BUT…With no domestic oil production, France has relied heavily on the development of nuclear power, which now accounts for about 78% of the country’s electricity production

Last  year I predicted that The Treasury bonds ultimately will need something to back them up besides taxpayers – why would foreign investors keep buying our bonds based on these growth limiting policies?  Well, we’re seeing it now – here, Bernanke talks about it here, investors prefer Buffet Bonds to treasuries based on Voldemort care costs. (from Real clear Markets)..

At an eventual debt will be equal to 90% of total GDP, something’s gotta give  (Washington Times) – but instead, the administration prefers to pay people to not bother working vs enacting policies encouraging hiring, thereby shrinking the base of tax payers and their ability to fund their programs.

Not even the European social democracies that are so admired by the intellectual/professorial elite on the left  attempt all this without tapping into their energy resources – yet this administration won’t allow it. Note that this situation might not be a bad thing –  Per Bill Flax at Real Clear Markets – the administration is simply accelerating the pace to the logical end state with this behavior… It won’t take 4o-50 years to see whether the growth impeding  forces of cap & trade, unemployement, government payouts/entitlements, increase in deficits, labor union wage pressures anticipated via the administration’s nominee for the NLRB….is sustainable. Mark Steyn says these policies change the nature of the populace, but as Victor Davis Hanson points out – this is happening SO fast the population won’t have had the time to ‘evolve‘. UPDATE: Hot Air – there goes the spare change – personal incomes dropped in 42 states. Big Lizards notices again with “it’s like Deja vu all over again!”

Current administration answer? “Can I pay for that with a speech? How does wind power work for you?”

Shakespere’s answer: “Foul words is but foul wind, and foul wind is but foul breath, and foul breath is noisome”

UPDATE: Hot Air has a timeline of all the fun that’s coming… this really is good news folks. A lot of the real costs/penalties will show themselves before 2012. Then the voters will decide if this is the change they were hoping for…or not. It’s a GOOD thing that this happens fast – before the people themselves are completely changed by the system. Then it becomes s a real choice.