Last week, Moody's warned that if the United States fails to rein in the soaring cost of Social Security, Medicare and Medicaid, the nation's credit rating will be down-graded within a decade.
Our political parties seem oblivious. Republicans, save Ron Paul, are all promising to expand the U.S. military and maintain all of our worldwide commitments to defend and subsidize scores of nations.
Democrats, with entitlement costs drowning the federal budget in red ink, are proposing a new entitlement – universal health coverage for the near 50 million who do not have it – another magnet for illegal aliens. Moody's is telling America it needs a time of austerity, while the U.S. government is behaving like the governments we used to bail out.
This self-indulgent generation has borrowed itself into unpayable debt. Now the folks from whom we borrowed to buy all that oil and all those cars, electronics and clothes are coming to buy the country we inherited. We are prodigal sons, and the day of reckoning approaches.
The same day we have a story of a 2nd state approving an end run around the electoral system which is sure to upset the larger area of the country. This end run will allow just 11 states to control the presidential elections, the will of the other states be damned. And altho the middle of the country is less populated it also produces the majority of the food and ores (and soon the fuel) necessary for the functioning of the country.
This country is rapidly heading for a cliff with the recession that is already upon us, the outrageous Inflation Tax (the core cause of the high oil prices), the collapse of the housing bubble and the corresponding banking crisis, the retirement of the Baby Boomers, an ever expanding so-called "War On Terror" for which we cannot pay and have to borrow to finance leading to ever higher inflation and debt. And to top it off the Citizens are lulled into complacency with their bread and circuses, currently the NFL playoffs, Jamie Lynn Spears shocking pregnancy, Brittney Spears custody issues and Dr. Phil's desperate attempt to help Brittney.