Collins Report

By Kevin “Coach” Collins
At the start of the twentieth century Argentina was among the wealthiest countries in the world. It’s farm burst with produce and its countryside was covered with telephones and cars and railroads.
Argentine beef fed much of South America.
Nevertheless, in 1916 a new president promising “fundamental change” which appealed to the middle class who overlooked the fact that his new party lived up to its name “The Radicals.”
He introduced mandatory: pension insurance, health insurance,and low-income housing to “stimulate” the economy. The government took control of Argentina’s economy and new payroll taxes to pay for its adventure.
Soon the country’s treasury overflowed, but its entitlement programs grew faster eventually the outlays outpaced intake.
By 1946 when Juan Peron became president the Argentines were so lulled to sleep by 30 years of socialism they actually welcomed Peron and his flashy young wife Evita. Peron used the fascism he had learned from Mussolini to turn on “the rich.”
Before long “the rich” became what was the middle class and Peron made them a target to be fleeced and destroyed.
Government and taxes grew larger and larger as did labor unions.
Ignoring reality
In 1989 Hyperinflation protectionism income confiscation and redistribution led to unsupportable wage increases and a still more government controlled economy. They started printing money and Argentina’s inflation rate hit 3000%! Food riots, looted stores and general chaos followed.
Five years later public pensions (their Social Security) imploded and a fake “privatization” scheme failed to rescue seniors’ monthly checks. Payroll taxes went from 5% to 26% but it still wasn’t enough. They adopted a Value Added Tax, higher income taxes, a special “wealth tax” and a selloff of public assets.
An economic calamity like our Great Depression followed. In one hundred years socialism had killed Argentina.
What did you do to defend American freedoms yesterday, what will you do today?

Sources

http://www.hinduonnet.com/businessline/2002/07/04/stories/2002070400011000.htm

http://www1.american.edu/TED/argbeef.htm

Yesterday’s Rasmussen Presidential Index had Obama at -18

This day in history January 11
2002 The first al-Qaeda prisoners arrive at Guantanamo Bay Cuba/

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