My unborne children and their children’s children are being put up for grabs in the U.S. Govt’s high stakes game of fiscal roulette. In order to avert a U.S. default on their overleveraged debt the Congress has to pass a measure that allows the U.S. to borrow more money to pay down the existing debt.
Waitaminniit?!? Isn’t that how a ponzi scheme works? Yes, and this ponzi scheme controls all of our lives. Remember when the U.S. govt. had to bail out the bankers and the car companies and the insurance agencies and the Wall Street industrial complex? Well now who is gonna bail the U.S. govt. out?
One of our problems as a society is that we constantly repeat the same errors but still hope for a different outcome. We don’t ask the wealthy to pay their fair share of the tax burden but instead saddle these costs on to the backs of the working class. The other problem is that the working class in America is currently out of work.
Historically high rates unemployment and joblessness is being combined with historical levels of profiteering down on Wall Street. If we can’t raise the ceiling then we might better start excavating a sub-cellar. We’ll need the space down there to stash our rock bottom economy.
The definition of insanity is repeating the same thing over and over and expecting different results. I guess you could say our government is insane.
the funny thing about it we was talking about this the other day. old head said reagan fucked up the american dollar and every president never fixed it since then. he said something about the dollar was supported by gold bullion or something like that. then reagan ignored that and started printing more money which lowered the value of the dollar.