So our great US Debt Crisis has come and gone with a last-minute “deal” that averted catastrophe. The biggest outcome of this was that I think it showed everyone that our political system is as bankrupt as the government supposedly is, but I want to spend a few minutes on how we got here and some of the major flaws underlying this entire mess.
Let’s start with the current debt run up over the past decade. Yes, we had someone attack us and in times of war, we always increase debt as we have to pay for that war, but since no effort was made to get the US populace involved in paying for that war as has been done in the past, we pretty much only funded the war through debt. So if you’re going to go off and do something, you had better has some sort of revenue stream in place or had best plan on dealing with that debt later. Was there any planning for this sort of thing at all? Nope, none. In every other war I’m pretty sure there was some, but in this one, none. Really this was the first sign that our political system was a mess when everything was done in knee-jerk fashion. So we financed the entire thing through debt, and those recessions with debt as well. But it was said that the debt was funded through China buying all of our issued debt. Wait…isn’t that a good thing? We’ve been effectively shipping jobs overseas to China, and our money as we buy all those Chinese goods, so maybe it is a good thing that they just took that money and loaned it right back to us. But then they get it back with interest. Oh crap. Again, no thought from those in charge on short-term or long-term consequences of their actions or the promotion of “free trade” which is really only free for those on the other end since our country seems to be the only one who abides by the rules.
So now we have this mountain of debt but still no desire to really tackle the problem other than one side saying no to any new debt, and, all future budgets must be balanced. Nice thoughts – but ignorantly inflexible. So exactly how will you pay off the old debt if you’re not going to raise revenue? I get the logic completely that if you raise taxes congress will just misappropriate the money with their current record, but do you really trust them to do a balanced budget correctly? So raise taxes to solely pay off debt. Put into law that the new money coming in can ONLY be used to pay off debt and nothing else. But returning to the balanced budget – how will you balance the budget when future wars and events come along where you DO need to increase debt? Will you temporarily raise taxes in these events and lower them again later? Goes back to the same logic that if you don’t trust congress to spend the money right in the first place how do you trust them to do right year after year? Why should we just trust the one “conservative” faction to do the right thing when some members of that faction ran up the debt in the past decade? You can’t trust them any more than you can trust any other faction and that’s the real problem here – trust in government to do the will of the people is completely gone. Both political parties have their narrow national agendas – they do not represent their districts – they represent the party platform. We now have a system of minority rule, no majority rights. The minority or particular interest can effectively hold up the whole system until it gets what it wants and so effectively each narrow interest gets what it wants at the expense of the greater whole until the whole is bankrupt because those narrow factions have it all. And once they have that power they put more laws into effect to consolidate their power and to solely destroy the other party. I honestly can’t remember the last time there was a law passed that generally legislated something on behalf of the US people besides the national “Do Not Call Registry” and it wouldn’t surprise me if that has been neutered as well in recent years.
It’s time for a revolution in political process and how our government works. Every single person in office today needs to be thrown out and forbidden from ever entering political service ever again. We need to start over, free of the interests and vocal minorities and see what happens. If we return to the current mess we’re in now, well, then that really is what our society is doomed to be – dysfunctional, infighting, and a place ruled by the vocal minorities. But, if we start over and start electing people with no political history, with true leadership vision and capabilities, and some brains in their heads to think about he consequences of the laws they enact, maybe, just maybe, we can work our way out of debt and remake our country great in moral and financial wealth. Maybe the government needs to be shrunk and more money needs to be in the hands of those who earned it, but some sort of new covenant between people and government is needed in this modern era where citizens are protected from enemies foreign (terrorism) and domestic (financial predators). Until then, we’re rapidly approaching banana republic status and we WILL be a joke for the world to snicker at. The Sick Old Man of North America is our coming destiny with our current political system.


