The unknown trillions of dollars borrowed from the Fed, the PRC, France (and who knows where else) hemorrhaging from the U.S. Treasury to pay war profiteers (e.g. Halliburton, Blackwater, et al.), Defense Contractors, corporate subsidies, and the out-and-out wholesale bail-out of the most morally destitute, most conniving, self-serving, rapaciously avaricious swindlers, scammers, hornswogglers, flim-flammers and thoroughly destructive bunch of crooks seen in nearly a century would, I judge, qualify as over-bearing burden of debt. A perfect shitstorm of financial hanky-panky, two never-ending wars and the continuing slavish dependence on petroleum just might be the fulcrum by which the middle class of the USA begin to empathize with the citizens of Nicaragua and Colombia.
This postulation was an apparent orphan, though, as far as I could tell - a depressing day-dream but nothing more. I found little real evidence supporting the idea and that offered some relief.
Until I saw a segment of "Real Time with Bill Maher" from Friday, September 25th, that is. In that segment, Paul Krugman, a Nobel Laureate in Economics said, "On bad mornings I wake up and think that we are turning into a Latin American country," Krugman said. "If America was officially a Third World country, the international monetary fund would come in and say, "You've got to break the power of your oligarchs. Those banking interests; they have too much power. You've got to end all of this crony capitalism" We're not in good shape."
He went on the say that while the American dream is not totally dead, it is "dying pretty fast," particularly when it comes to social mobility.
Sometimes, I surprise myself. I only wish that the surprise was a more pleasant one.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
2
1
1
