One fallout of the COVID-19 crisis is its severe thrashing of our economy. Not only have all the impressive economic gains of the Trump administration evaporated, but we are now adding to our national debt in scary ways. I hope that all the bailouts are temporary means to solve a temporary problem.
To use an analogy: One of the saddest things about a midlife crisis is that permanent damage can be done to “solve” what turns out to be only a temporary problem. I pray that America won’t adopt the permanent solution of socialism to solve our temporary coronavirus crisis.
One of the most frightening things about the bailouts is that some people find that they are receiving more money for not working than they did when they were working.
Long before the crisis, we have seen the rise of popularity of socialism among the young in America. A Gallup poll about a year ago found that four in ten Americans embrace some form of socialism. Yipes.
In short, if we are not careful, this crisis could end up greasing the skids toward socialism.
President Trump wants to see us “inch” back to work and to recovery. But many Americans want to see us embrace socialism. Long before the coronavirus crisis, NYC socialist Congresswoman Alexandria Ocasio-Cortez was arguing that the “super wealthy” should be taxed up to 70 percent of their income in order to fund the “green new deal.”
Dr. Richard Land, the president of Southern Evangelical Seminary in Charlotte, N.C., knows firsthand what it is like to live in a socialist country. After graduating Princeton, he studied at Oxford to earn his Ph.D. He lived in the U.K. from 1972-1975 and experienced socialism there before Margaret Thatcher turned things around, beginning in the late 1970s. He said, “It was horrible.”
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SOURCE: Christian Post, Jerry Newcombe