Wednesday, August 11, 2010

The U.S.A. is bankrupt, and we don't know it...?

A very interesting commentary was published on Bloomberg this morning. You can read it here. Watch the video here. It states emphatically that these lovely United States of America are bankrupt, and we just know it. I deny that. We know it. We just won't admit it.

Let's face the facts folks, we cannot pay off the national debt. When you cannot pay off your debt, that's bankruptcy. When you cannot payback your debt, you meet the official legal definition of the term bankruptcy. Now what we are grappling with her is power and problem of human psychological denial. Given the fact Ram fans can deny the state of their offensive line, and propound that it was a good idea to take an injury prone QB in this years draft, we will certainly be able to deny the robust and concrete fact that our current form of government is bankrupt.

Notice I said our current form of government... Some people just aren't observant. They just don't pay any attention to detail or take note of things.

So Mr. Kotlikoff lays his program for radical simplification. I love it, but it will never happen under this democratic republic. Such a program cannot be initiated until some dude with 4 stars on his lapel drives up to the capital with some tanks and machine guns. When that happens, let's hope he begins a radical simplification program.

When your political power blossoms from the barrel of a gun, it is possible to say no to the special interests. What the former reps say means absolutely nothing at that point. You just implement the reforms. Anybody who doesn't like it is going to get hurt... real bad. They will have a different way of manufacturing consent in those days.

And so we have the righteous ending to the age of Aquarius. The free radicals of the 1960s wanted to spend freely on guns and butter and this is what comes of it. They thought they could regulate Wall Street, or do away with it entirely. Do you see what has happened now? They captured all of your regulatory machinery and all your social programs also. They blew the market economy skyhigh with plenty of help from the government. Good government "on your side" turned into an exercise in the organized looting of the public sector, with bankruptcy resulting.

I guess you were off in the 5th dimension with some drugs and free love whilst this was going on. The only thing that mattered was that the moon was in the 7th house and love was steering the stars at the dawning of the age of Aquarius...

Fuck those sonofabitch Aquarians! Do you see what you have done? You are the stupidest goddamn sonsofbitches on the face of the Earth, and I am not kidding either. I fart in your general direction, and upon all your idealism. Life is a series of difficult trade-offs, and you can never ever learn that. You want your cake and you want to eat it too.