Are we REALLY going to allow ourselves (we "US Americans") to be FOOLED again?
The UK Guardian is already starting the fear mongering with this headline: "Supercommittee Failure Could Trigger US Credit Downgrade, Economists Warn"
If forming this idiotic, extra-legislative, unaccountable supercommittee wasn't enough to keep us from having our debt downgraded, what in the name of all that's holy makes us think that any product they come up with - or DON'T come up with - is going to affect whether or not our debt takes another beating?
The ONLY answer that financial markets will respond to is a fiscally responsible answer. They will not respond to a political answer. We learned that this past summer!
E-freaking-NOUGH, already!
We "US Americans" and our so-called "leaders" need to grow a pair at least the size of Greece's (sad commentary on our national vigor and virility) and confront the cold, hard reality that the PONZI scheme we call the New Deal and the Great Society is just that: an unsustainable house of cards.
The answer is that everyone already on the dole - Social Security, public service pensions, etc. - can stay on it and expect to receive everything they "have coming to them". Those who are closer than 10 years away from that golden hammock can expect to see their benefits fixed at today's rates. Everyone who is 10 or more years away from that magical retirement age can expect nothing.
If the 401k/403b scheme is good enough for the masses, then by gum, it's good enough for the drones who pretend to be "public servants".
All "US Americans" not already on the dole should be allowed to save and invest an unlimited portion of their income before taxes in retirement accounts that will grow tax-free forever and that will not be subject to the estate tax upon the owner's death.
It's time for Americans to return to their rugged individualist, self-sufficient roots and for American government to return to its limited, tightly controlled, closely defined role.
Walt Kelly may have been right. "We have met the enemy; and he is us!" Our apathy as Americans, our blind and naive trust in "leaders" to do the right thing, has brought our nation to this point. We've allowed seemingly benign or well-intentioned overreaching until now we don't even notice when our natural rights are abridged or annihilated altogether.
We've done it to ourselves! The good news is that we can UN-do it for our children.
The UK Guardian is already starting the fear mongering with this headline: "Supercommittee Failure Could Trigger US Credit Downgrade, Economists Warn"
If forming this idiotic, extra-legislative, unaccountable supercommittee wasn't enough to keep us from having our debt downgraded, what in the name of all that's holy makes us think that any product they come up with - or DON'T come up with - is going to affect whether or not our debt takes another beating?
The ONLY answer that financial markets will respond to is a fiscally responsible answer. They will not respond to a political answer. We learned that this past summer!
E-freaking-NOUGH, already!
We "US Americans" and our so-called "leaders" need to grow a pair at least the size of Greece's (sad commentary on our national vigor and virility) and confront the cold, hard reality that the PONZI scheme we call the New Deal and the Great Society is just that: an unsustainable house of cards.
The answer is that everyone already on the dole - Social Security, public service pensions, etc. - can stay on it and expect to receive everything they "have coming to them". Those who are closer than 10 years away from that golden hammock can expect to see their benefits fixed at today's rates. Everyone who is 10 or more years away from that magical retirement age can expect nothing.
If the 401k/403b scheme is good enough for the masses, then by gum, it's good enough for the drones who pretend to be "public servants".
All "US Americans" not already on the dole should be allowed to save and invest an unlimited portion of their income before taxes in retirement accounts that will grow tax-free forever and that will not be subject to the estate tax upon the owner's death.
It's time for Americans to return to their rugged individualist, self-sufficient roots and for American government to return to its limited, tightly controlled, closely defined role.
Walt Kelly may have been right. "We have met the enemy; and he is us!" Our apathy as Americans, our blind and naive trust in "leaders" to do the right thing, has brought our nation to this point. We've allowed seemingly benign or well-intentioned overreaching until now we don't even notice when our natural rights are abridged or annihilated altogether.
We've done it to ourselves! The good news is that we can UN-do it for our children.
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