There is no denying it.
our politicians have sold us up the river for decades - and we stand poised to reap the oats we have sewn
the republicans ran on budget cuts sure... but it has to pass the house AND senate.
i think it is obvious that republicans said "ok we need to cut 100B from the budget" then dems said "no we need to cut 1M from the budget" and this haggling went back and forth until nothing really got accomplished.
America has some tough times ahead, no doubt about it.
people will probably starve, normal every day commodities like toilet paper and blue jeans will become a rarity, gasoline will become unaffordable and what few people have jobs wont be able to drive to work, many homes will likely go without power. The overextended military will slowly return home. overseas bases will begin to close, eventually it is likely that whole fleets (or large swaths of warships) will be placed in mothball or scrapped altogether, their new enemies being corrosion and disuse.
two developments will likely dominate the next 10-15 years in the United States: The crumbling of the economic and political structure of the United States of America and a number of ineffective reforms, regulation, and deregulation which will attempt to reverse the process.
However, the damage will have already been done. The middle class will in all likelihood become extinct or nearly so as a result of this process.
any number of possibilities exist.
but within 12 months, national debt will - there is no avoiding it - WILL outpace our GDP.
i think it is probably in the nations best interest to NOT raise the debt ceiling.
at one point or another, the leadership in this nation will have to face the music.
Im reminded of a quote: it goes something like:
"American is like the rich father who wishes he knew how to give his sons the hardships which have made him rich."
~Robert Frost
if that were true, those hard lessons of hardship are around the corner... and personally, i think we could use a dose of that medicine.
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