Skip to comments.Puncture the cocoon of denial
Posted on 01/02/2012 3:32:02 PM PST by Former Fetus
Ring out the new, ring in the old. No, hang on, that should be the other way around, shouldn't it? Not as far as 2011 was concerned. The year began with a tea-powered Republican caucus taking control of the House of Representatives and pledging to rein in spendaholic government. It ended with President Obama making a pro forma request for a mere $1.2 trillion increase in the debt ceiling. This will raise government debt to $16.4 trillion a new world record! If only until he demands the next debt-ceiling increase in three months' time.
At the end of 2011, America, like much of the rest of the Western world, has dug deeper into a cocoon of denial. Tens of millions of Americans remain unaware that this nation is broke broker than any nation has ever been. A few days before Christmas, we sailed across the psychological Rubicon and joined the club of nations whose government debt now exceeds their total GDP. It barely raised a murmur and those who took the trouble to address the issue noted complacently that our 100 percent debt-to-GDP ratio is a mere two-thirds of Greece's. That's true, but at a certain point per capita comparisons are less relevant than the sheer hard dollar sums: Greece owes a few rinky-dink billions; America owes more money than anyone has ever owed anybody ever.
(Excerpt) Read more at jewishworldreview.com ...
What hapenned to progress and improving the quality of life?
Ironically, no comments.
Well, what is there to add to what Steyn managed in this piece? It’s one of his serious ones, wherein he basically correctly identifies the situation, and clearly articulates it.
In past articles, he has held out some hope that people will wake up before the crash, and avoid the worst. My own view is that human nature is such, and those currently in power are so corrupt that we’ll have to go off the cliff before any corrective action is attempted.
The question, in my mind, is what comes after that? Are there enough freedom-loving adults to wrest control away from the socialists and their dupes?
I’m not optimistic.
Thanks Former Fetus. He peaked with his show, “Win Mark Steyn’s Money”.
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