Despite this trio of economy-killing government policies, both Occupy and their Labor sponsors want more government entitlements and the bigger spending and higher taxes needed to pay for them.
Ultimately, this isn’t an ideological question in the same sense that people may disagree about the relative benefits of federal vs. local education. This is a question about the very survival of education ... or medicare ... or energy development ... or national defense ... or (insert your favorite government program here.)
Our debt will continue to cause our economy to deteriorate, more businesses will fail and jobs will be lost. Fewer jobs means fewer taxpayers, less government revenue to pay for all those wonderful entitlements, and still more spending on things like unemployment benefits. As revenues decline, and spending increases, we’ll accelerate toward the debt wall at which liquidity to fund our growing deficit stops. Interest rates will rise, inflation will kick in and the whole sorry spiral will start again.
Sound alarmist? It’s not. This is exactly the progression that is inevitable under the Labor - Occuply formula.
It’s the route to Greece. And just like Greece, It will cause such pain that those Occupy forces who now demonstrate peacefully against capitalism will eventually riot violently against government austerity -- not in 5 years, but very possibly next year if something isn’t done now to stop the cycle.
We can’t keep spending at these levels and expect anything other than lower paying jobs and higher inflation -- virtually the definition of a declining standard of living. And this at a time when our standard of living has fallen farther and more steeply over the past three years than at any time since the government started recording it five decades ago.
America is on a trajectory to assure our economic destruction. The Occupy movement -- sponsored, funded and organized by Organized Labor -- is doing everything it can to make sure that trajectory doesn’t change.
But there is one big beneficiary of America’s economic collapse. China who owns far more debt than it owes, will get most all the jobs America loses, and become the world’s new economic and military super-power. That will indeed be a terrible thing to see.
And we’ll all have the oblivious coalition of Organized Labor and the Occupy Movement to thank for it.
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