The SHTF about two years ago.
The spending right now is to lesson the rate of collapse.
I notice a lot of comments about SS and Healthcare -- did we forget so soon about bailouts of banks, two wars and the $75 Billion a year for wealthy
The last government, sent the ship of state towards an ice berg and big ships don't turn that quickly.
If you get rid of healthcare and SS then we will lose MORE MONEY in productivity. A think that has been trained out of our public awareness is that
America is productive, because people don't have to worry about the basics all the time. The stingy way that education and our electronic
infrastructure are treated -- you would think they thought we still made money sewing t-shirts.
Our industry has been exported, and we make 40% of our profits in Financial services. What keeps our dollar afloat, is not our great economic system
-- but likely our military itself as it helps prop up cheap resources for multinational corps.
It's a vicious cycle, the more we've depended on the military exports the more we needed conflict in the world so that there was a market. Now the
tail wags the dog. Even a decent politician, might balk at retreating from Afghanistan and Iraq resource wars -- you'd have to educate the public
while the culprits would pound the media to tar and feather you.
There is no way out for the best of people in leadership. The Bush-Cheney Oil and Bankster cabal made us need them too much. They are heavily invested
in offshore tax havens, mercenary (Blackwater/Xe) and war reconstruction outfits (KBR, Carlysle, Haliburton,...). They aren't the only culprits --
but like Bernie Maddoff -- they epitomize the problem.
Cheney made his bankroll during Iraq war I on military procurement. Then sold weapons to Saddam. After that he profited from offshore tax havens and
influence on the supreme court to reduce damages for Asbestos for Haliburton. They bought companies that would have gone out of business over
lawsuits, and got the average payout down to $200. Yeah, $200 after dealing with a man who spent his life in the mines and is now quickly dying.
>> I don't really know if Obama is on our side or not. Likely he has few options. He must deal with the culprits or they pull the plug.
The interesting Nail in this coffin, was the meeting of the BRIC Nations
(Brazil, Russia, India, China
and a few other notables).
If you want a poster child for blame. Think about Goldman Sachs. Our congress and senate are dependent on "donations" to get elected. We've
DESIGNED a system that has built in bribes. Only a very few can make it into office without owing somebody with resources.
So we were told to let the wealthy get wealthier and that Banks should be privatized and the money pooled. Our banking system is built on a Fractional
Reserve, which If you read the book by E. H. Brown
." Is basically unsustainable. We were raised to hate unions and blame "Costs" on infrastructure, or "stealing from the wealthy" to
give to lazy people.
We forgot why we put in place the Glass Stegall Act and why people were shot trying to get a 40-hour work week and end child labor.
This FAN we are hitting, started picking up steam in 1980.