The United States is a ticking time bomb and we’re not referring to the ongoing debt limit kerfuffle, which is just another in a continuing series of such things.
The real problem is the ever-widening philosophical chasm between conservatives, who tend to deal in reality, and liberals, who reside deep in fantasy land.
The debt limit debate is but one aspect of that basic dichotomy. There is no near-term solution for this massive rift in the way the different camps of the populace operate.
And both sides are becoming increasingly frustrated by how the other half thinks and functions.
Conservatives can’t expect to change the minds of the fantasy people. After all, reality can be a female dog. Avoiding admitting to unpleasant truths seems to make life more bearable for the liberals.
And liberals are playing the long game, minting fresh morons ripe for indoctrination annually by dint of controlling public schools and producing functional illiterates deemed to be scholars. Unable to fend for themselves, these simpletons are eager to take advantage of all manner of government welfare programs, no matter what they are called.
Student loan forgiveness, aid for financial laggards to buy houses at the expense of the creditworthy purchasers, massive gifts to all things green, regardless of benefit, these are but a few of the allegiance-buying techniques of the liberals.
This educational failure is not peculiar to the U.S. There was a story out today that the United Kingdom is investigating grade inflation at the university level. If the student can’t earn the grade, due to lack of ability or effort, just give it to them.
Beyond the bastardization of the educational system, if the liberals believe they still can’t produce enough mental deficients to swell their ranks sufficiently, they also have the carrot-and-stick approach of government handouts to appeal to the older electorate and get them to abandon any semblance of fiscal conservatism in the pursuit of self-interest.
Think stimulus payments, all manner of tax credits and government pork projects.
Back to the debt limit problem: Conservatives in the ranks of the Republicans have passed an increase, but with provisions to cut back spending. They’ve mentioned such things as clawing back from the governmental coffers money already appropriated to deal with the COVID emergency, which even the government now admits no longer deserves that scary title.
Cutting spending when there is a debt problem makes sense to those who still possess any financial mental faculty. That’s why Liberal Democrats, lacking that acumen, are screaming about Republicans trying to gut government, failing to make Social Security payments, and going door-to-door slaying pet dogs and cats, too.
The reality is the U.S. owes more than the mammoth admitted-to total of $31-plus trillion. If, as would be the case with, say, a family or a corporation, one would include the unfunded future promises of Social Security and Medicare, the Cato Institute estimated slightly more than a year back that would add more than $160 trillion to federal debt.
Donald Trump, as he usually does, was able to slice through the bullspit during his CNN Town Hall earlier this week. CNN, being populated by delusional liberals, thought it could handle Trump the way Clueless Joe Biden is managed in his public appearances.
But, Trump is a raging stallion and Biden is a gelding. Given a live platform which denied CNN the opportunity to edit Trump, he got his points across on many hot-button issues. This included Trump positing that a default might not be such a bad thing.
This is a businessman who is credited (pun intended) with filing for bankruptcy with six of his concerns. There is life after bankruptcy. There is life after default.
Mother Hubbard Janet Yellen, the in-over-her-head Treasury Secretary moved on from being an in-over-her-head Federal Reserve Chair, is wailing about default being a death blow for the U.S.
As I’ve pointed out previously in this blog, the U.S. has defaulted before, at various times and in various ways, and we’re still here.
For those who are apoplectic about the possibility of default leading to losing world reserve currency status for the dollar, relax. We’re already headed in that direction as various world powers, fed up with the U.S. too often using currency control as a weapon of mass destruction, have been moving and continue to work toward making their transactions in their currencies.
It’s only a matter of time until the dollar no longer rules, joining the English Pound and other currencies who have been deposed as the world standard.
Running up ever more mammoth national debts only hastens the process.
That’s reality, something conservatives understand. Liberals won’t get that religion until it’s too late, and this flimsy financial structure implodes in the metaphorical manner of the World Trade Center.
Sam Ross Jr's site 