Only those who support the government in the private sector should have a say in how their tax dollars get spent.

Remember it’s “We the People” not “We the People on the governments teat”.

1)All politicians are liars. We should know by now.
2)You cannot stop a 2-ton truck charging down the slope.
3)Would storyburn be the first of the 20%?

You only need to look at Europe to see what will happen to your economy in the present climate if you make deep cuts in stepping aside as every bank and American went money like they did in the depression, or print money through borrowing to try to get through it. So of course they chose the course which would put off the crisis as long as possible. If you look at European bond yields vs. Treasuries it is apparent that this was “successful” in the short term.

The choices we could have made to ensure the coming crisis would not occur are far behind us. We could have stayed on the gold standard instead of piling on debt for decades, but only by avoiding entanglement in Vietnam. We could have decided not to spend half of all our wealth on military hardware and personnel. We could have adjusted Social Security and Medicare benefits so that the amount paid in matched the amount paid out. We could have passed laws preventing the government from borrowing from these social programs for other budgetary expenditures. And we could have regulated banks so that they were not allowed to make trillions in loans that people couldn’t pay back and that eventually had to be federalized to avoid the loss of every American’s savings in bank deposits and stocks.

Because Americans and the press failed to recognize and deal with these threats while they were still manageable, it is too late. Not fighting the wars and maintaining such a large military, by itself, might have avoided the current crisis, if we had taken a different path 40 years ago as Dwight Eisenhower suggested. But we can’t unborrow this money now. Our choices are borrow and spend until the markets cut the US off, which will inevitably happen, or cut spending and enter a deflationary spiral which destroys the wealth of every American.

Pretending we have a choice fails to recognize the reality of the situation. Not recognizing the reality of our situation, particularly in the press, has been the hallmark of every recent crisis, including Vietnam, Afghanistan, Iraq, Dot-Com, Housing, etc., etc.. The very life of our democracy depends on the effectiveness and clarity of our press and our citizen’s ability to understand our choices.