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Over the Cliff?

Docnick Wrote: Oct 29, 2012 7:26 AM
Paul, this financial problem can't be repaired. All that can be done is to push back. We/our politicians know how to do this.... If we take a deep breath could we consider the idea of the 'cliff ' might it be a good thing. Lots of suffering but a learning experience forced on us. The current set of politicians will keep doing what they have been doing. Is there any doubt? The change in how we govern ourselves must come from us. It will not come from them. BUT there are leaders out there. Maybe one of the two parties will slip up and find them. Are maybe replacing the leaders in in both national parties is the place to start. That change would also have to come from the people. Ron
johnm h Wrote: Oct 29, 2012 7:49 AM
Romney says he wants to push many of the welfare programs to the States. The States cannot print their own money so do face fiscal cliffs that are independent from international finance. Well run states will reform, others wont. The Fed in contrast can continue to print money to finance the takeover by the Federal government until the Chinese choose to bring it all down. So the Feds don't face a fiscal cliff until it is too late to fix. The current direction is stagnation and decline so the Chinese will probably allow us to continue to destroy ourselves.

October 28, 2012

We don’t let small children play with sharp knives, loaded guns, or near the top banks of cliffs. They haven’t learned the consequences of their actions. They aren’t responsible. Yet.

You might think that politicians, who are adults, shouldn’t be treated the same way. But “power tends to corrupt,” and we know even more about that, today, than our Founding Fathers did. And they knew enough not to let politicians do just anything they wanted. They put constitutions in place, to limit politicians’ purview and power.

Arguably, today’s...