What we are witnessing is nothing less than the failure of an economic system that is essentially a government run Ponzi scheme. I am not just referring to Social Security and Medicare, I am talking about the entire system that at its core relies on borrowed money to pay for current goodies. As every credit card holder knows, the bill always comes due. Some dodge the inevitable by obtaining more cards and borrowing more, but this just pushes the day of reckoning further down the road--the bill will always come due. It has come due in Wisconsin, Ohio, New York, California and numerous other states as they struggle to balance their budgets. It is coming due as I write for the United States as a whole. The Republican party, goaded on by the Tea Party, appears willing to confront the problem. The Democratic party, Obama included, seem to be unwilling to face the problem and have opted to obtain some more credit cards The clash in opposing ideas put forward by the two major parties has divided the country. Thus, the protests and counter protests we are witnessing in Wisconsin are the opening salvo of a revolutionary war driven by the two camps. The winner will determine the shape of our country in the future.
JP
1 comment:
Agree fully!
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