photo credit: lslphoto

The United States government, both in terms of current and future obligations, is insolvent.

A government declaring bankruptcy necessitates a dissolution of the nation and a complete restructuring of leadership and policy, so the powers that be prefer to tread water and keep floating, even if only for a few seconds more. Thus, the futures of our posterity are mortgaged in an effort to delay inevitable consequences for just a little longer.

Sooner or later, the fiscal chickens will come home to roost. America is broke and broken, and only drastic measures will assure her longevity and vitality. Measures that are tantamount to pushing on a string continue to be promoted in Washington, such as the recent “stimulus” program. This inevitably (and perhaps intentionally) diverts the nation’s attention to accepting band-aids when a gangrenous, festering wound is staring us in the face.

Moral integrity demands that only those measures be taken which will remedy the problem and pay off our debts. Continuing to aggressively promote ventures—both foreign and domestic—which bleed us dry is not the mark of the honorable statesman, but of the pandering politician who seeks to retain power. Out of 535 congressmen, only a select few have America’s long term welfare in mind.

The water level is rising, as more entitlements are promised and government spending runs rampant. What are the long term implications of this situation? Is hyperinflation in America’s future? Should we be unable to pay our debts to China and Japan—our two largest creditors—would they declare war on us? Having troops spread around the world in 130 countries and 700 military bases, would we be able to defend ourselves? Is a restructuring of America’s monetary system in order, with the Amero being touted as the best solution?

Whatever happens, one thing is guaranteed: America as we know it cannot survive much longer. Our debt-facilitated prosperity is an illusion, and the promises of our government to take care of us are an absurd gesture of elected leaders angling for your vote in the next election.

Economics is both a compelling driving force and a merciless master, depending on whether you take heed. Its laws have made strong nations crumble, despite their perceived strength and immortality. Should we ignore its guidelines and warnings, America will suffer likewise.

Americans have been treading water for a long time, whether they know it or not. Items portending to be lifesavers float by from time to time, but latching onto the wrong one might lead to our demise. Do we know a true lifesaver when we see it?

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we’re not bound by that same limitation? (Ronald Reagan, via Quoty)