Friday, December 10, 2010

Destruction by Rescue

What a fix we have gotten ourselves into! The severe recession/depression we
borrowed ourselves into requires mammoth stimulus to turn it around. That requires
mammoth borrowing which increases the deficit which thus gives us no spare resources
to invest in growing the economy, which prolongs unemployment, etc., etc. Maintaining a military establishment larger than the rest of the world's combined
in what is now a worthless symbol of power on the world stage, compounds the descent
into bankruptcy. A militantly reactionary Republican contingent in Congress and
a cowardly Democratic counter force refuse to make the hard choices needed to
deal with our fiscal problems. So we continue to bribe the voters with benefits and
goodies, and free lunch for the wealthy. We lull them into the belief that we can stimulate ourselves out of each crisis that arises. Instead we are stimulating ourselves into insolvency. The consequences of the Irish, Spanish, Greek financial collapses are small in comparison to what will happen when our economy collapses, and were within the capacity of the European Union to handle.
Nowhere will there be resources able to deal with our collapse.
Fasten your seat belts Americans, you are in for a bumpy ride!

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