Remembering Margaret Thatcher
If you listen to the news all day today, you’re going to hear the quote a thousand times after the passing of Lady Margaret Thatcher, the Iron Lady of Britain, and the former Prime Minister of the United Kingdom. She said, “The problem with socialism is that you eventually run out of other people’s money”. She knew that in the 80’s and she tried to fix the problem in her country. Before Thatcher, the government had taken over major industries throughout the country and it put the country in a terrible economic state. Thatcher reversed that course, sold industries back to the private sector and Britain prospered. Now in America, we see OUR government taking over major industries… health care, banking, automobile and technology. Of course, the actual ownership may stay in private hands, but the government’s money is everywhere…and its rules. If you write the rules and the checks, it has the same effect as ownership. Federal, state, county and city governments amass piles of debt we’ll never pay off. I only wish that our region…and our country…would see a modern day Margaret Thatcher emerge and turn us away from the socialism Obama and his buddies embrace. May Lady Thatcher rest in peace.