Now, with the middle class tapped out, the home equity used up or declining, and mortgage, auto and credit card debt turning rotten, the U.S. government is going abroad to borrow 1 percent of GDP to hand out in checks in May to get consumers buying again to prevent a recession.
What kind of long-term solution is this?
How can a government as deep in debt as this one, going deeper every day, with the Social Security-Medicare crisis looming, continue to borrow to fight wars, finance foreign aid and defend nations that refuse to make the sacrifices to defend themselves?
America today faces both a fiscal crisis and a currency crisis.
Our dependence on foreign loans, foreign oil and foreign manufacturers is unprecedented.
We are being invaded from the south and seemingly lack the moral fiber to defend our home and throw out the intruders.
We have neither the men nor the weapons to honor all the treaty commitments and war guarantees we have given out to nations all over the world -- and McCain plans to add several more.
Yet, we are consumed with the issue of whether Bill Clinton, by comparing Barack Obama to Jesse Jackson, was playing "the race card."
We are an unserious people in a serious time.
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