Our culture also has had an infrastructure. It is also crumbling. We have abandoned the principles of responsibility and accountability. We have drunk the kool aid of entitlement. That worked for a time because for years most people were making contributions based on hard work and carrying their share of the burden. Sure there were those who had genuine needs, but we took care of them without encouraging healthy people to go on the dole. Now we look at the guy who works hard and plays by the rules as a chump.
Well, I think the chumps are getting close to the end of their willingness to carry the dead weight. I think those who have been investing in the future are beginning to go John Galt. How that will look and be applied, I don’t know but remember it is the last straw that breaks the camel’s back. The only one who feels it coming is the camel. I for one am tired of standing in line behind people with EBT cards and watching my golden eggs being used for bread, circuses, steak and fresh vegetables.
The national infrastructure is like a family or personal economy. You can only live so long on credit and deficit spending. That applies to roads as well as bank accounts. The day comes when bankruptcy looms on the horizon. Most Americans are in debt just like the government. If the irresponsible behavior is not reined in the nation will experience what so many individuals have faced, bankruptcy.
The debtors are not the ones who really suffer in a bankruptcy. It is the elderly who had money invested in the organizations that bankrolled your irresponsibility. It is the parents and friends who co-signed. It is the business associate that put his life savings into the deal. It is the people who have savings accounts. It is the people who have not lived flagrantly.
What will national bankruptcy look like? I remember stories of needing a wheelbarrow of paper money to buy a few days groceries. It has happened in Germany and Argentina in the developed world and is very common in third world countries. It means hunger and hardship for everyone except the ones who are in charge. It is coming if we do not get a handle on ourselves.
We have an election coming. Every member of the House of Representatives will be up for re-election, or not. Remember that they are the ones that the Constitution gives the power of the purse. It isn’t the president or the senate. If you are not sure about yours, vote the sucker out.
Elections matter.
It is amazing what can come to your mind when you are cleaning up after breakfast.
homo unius libri
My stepson thinks we should sell our rural home and acreage and move to town in our old age. I tell him that we would get a much smaller place in town, meaning that about half of our funds would need to go in a bank. There, they could disappear in a heartbeat by hyper-inflation or government theft. The government could steal the land, too, but I feel safer with it than easily stolen and portable money.
ReplyDeleteI don't know how it is there but here the increased property taxes would eat up the money set aside. If it puts it closer to him it might be worth the added support. We are eventually going to move to Texas and can probably buy a home bigger than we have here with enough left over to buy a rental property.
DeleteGrace and peace