Wednesday, April 15, 2020

Helping Ourselves

Wall Street is feasting:

https://nypost.com/2020/04/14/wall-street-feasts-on-federal-coronavirus-aid-while-main-street-starves/

Main Street is starving:

https://www.dailymail.co.uk/news/article-8218267/Thousands-cars-line-Los-Angeles-food-bank.html

And We the People are helping each other:

https://www.mintpressnews.com/government-failure-address-coronavirus-sparking-mutual-aid-revolution/266566/

Here is an essay which predicts we'll return to the form of government we had BEFORE the US Constitution was ratified:

https://finance.yahoo.com/news/america-returning-1781-120026206.html

I think this would be a GREAT idea, especially because most of "our" debt comes from wasteful spending by the federal government. The states could keep the parts they want and repudiate the rest. That may seem catastrophic to some, but aren't the alternatives even worse?

Here is a chart which illustrates the mess the feds have put us in:



Source - https://econimica.blogspot.com/2020/03/us-debt-to-gdp-will-hit-new-all-time.html

That's right - every person born is already saddled with debt which may never be repaid. What kind of future is that?

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