The Gift That Just Keeps On Taking
It seems that, according to the attached article link from USA Today, we are on the hook for more money as our “benevolent” government continues to “bail out” those whom they deem “are too big to fail”. Below the link is a copy and paste from one of the comments posted after the article by someone who goes by the name “NotLiberal”. I do this for two reasons: to help you find his/her post easier and to give credit where credit is due. It is well worth a careful read in light of the USA Today article.
http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm?loc=interstitialskip
What follows is the comment by NotLiberal
When people claim we are creating debt that our children and grandchildren will have to pay, I have to wonder if that will indeed be the case?
Our National Debt is now at a level that it cannot be paid. Even if we were the ones taxed to high heaven instead of the next generation we still could not pay enough on the debt to dwindle it down. So will the next generation pay this growing mountain of debt?
I have to say no. We will continue with the status quo until our Federal government collapses under its own debt. We will do this because we have no choice. The people living in this country have grown accustomed to receiving a certain level of financial payout from the government, and they will not permit these “benefits” to drop. So will the US go bankrupt today or tomorrow? No, but 20 years from now….
Our children and grandchildren won’t inherit a pile of debt, but they will inherit a United States that we today won’t even recognize. And it will be a United States that exists only in name because the individual states are bound to split and fracture, and form new unions based on political lines that are even now forming.
If you want to see what the future United States will look like, look at a politcal map of the last couple of elections. Many states have voted the same for over +20 years. The few that have changed tend to switch back after the next election.
Here I insert a link to provide a visual explanation as it pertains to the last election:
http://www.rushlimbaugh.com/home/daily/site_111408/content/01125113.guest.html
So look at a political map and study it hard; because the United States will eventually collapse under its own debt. And when it happens it will be quick.
And if you think I am just a “doomsayer”, think about this:
In 1912, the average German didn’t think his government would ever collapse …
and it had by 1930.
In 1980, the average Russian didn’t think his government would ever collapse…
and it had by 1990.
Both of these countries suffered a financial collapse. Both were caused by the destruction of their industry base, high debt, and failure of their infrastructure.
All three of these things are problems faced by the US. So why would anybody think our fate will be any different?
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