Divided we fall, United we Stand...
All I see in this article is the label and blame game...
The author is full of mainstream bias that we are living in a sustainable economy/system, and that our problems stem from "the bad guys" not wanting to "increase the credit limit" (imagine this logic on a personal scale... if you are in debt is the answer to take out more debt?). The truth of the matter is that we are running out of time before all of our liabilities lead to a loss of confidence in the World Reserve Currency, the Federal Reserve Note.
Particularly, the ending was quite a slippery slope projecting his own insecurities as truth, when in fact this opinion is highly ignorant of many other factors. Read this statement while removing your personal feeling... I hope you will see what I am trying to say.
If the GOP doesn't cut a deal sometime pretty soon, we're either going to default on our debt (hello, financial crisis, unemployment spike, substantial and immediate drop in GDP, followed by an angry mob of voters descending on their polling places with pitchforks), or we're going to cut a bunch of programs that beneficiaries are very attached to. (Hello, angry mob of seniors descending on their representatives with machetes.) There is no deal that they can cut which does not include raising more revenue; the Democrats aren't going to be the only people offering compromise, and I don't blame them. Now, maybe Brooks and I have this all wrong, and the GOP is just putting on one hell of a show for negotiating purposes. I sure hope that's true. But I very much fear it isn't. (Source Here)
Let it be known that almost all problems we face today are symptoms of the core problem, a currency with no long-run sustainability (if not all problems). All of the problems that are debated today are rooted fundamentally through our illegitimate medium of exchange, the US Dollar (the Federal Reserve Note). Since our currency is corrupt/manipulated at origination, we see manipulation and corruption “trickling down” and manifesting everywhere around us in our society. If we were to not have a wealth-leeching currency, there would exist less opportunity for corruption within the system, that I am sure of. (https://thehardrightedge.com/twilightzone/)
Is the Atlantic insinuating that descending on Politicians with machetes and pitchforks would be a bad thing?I always enjoy new and original thinking!
Scott - interesting perspective you wrote (link) . whilst one attempts to look for the "root" causes. there is no need to place irrationally exhuberant significance to one factor in the long list of weird things that are wrongo in american policy making. the debt limit is annoying politics and there is too much think inside the bun mentality here. the GOP side however other than Ron Paul) appears to lack creative ideas or flexibility on how to resolve the issue.
Currency has nothing to do with decisions to initiate wars that never needed to be fought nor ridiculous run of the mill defense spending and fantastic reluctance to create a uniform set of documentation for health care (like they have in other industries) or decisions to support broadband access in rural areas. its like arguing all american foreign policy is influenced by one certain country in the middle east
root cause of american political problemos might be the preferential treatment the democrat and republican parties have written into electoral laws, ballot access,or the ridiculous system of majority rule that we have in congress. (versus proportional representation). as you noted time will tell.
history will absolve me
I have to agree with Scott.
Currency is a means of exchanging productive output for something tangible. Finding out how to get access to others productive output is the goal of so many instead of relying on their own. I would have to say that somewhere at the bottom of each item SushiSoux mentioned is that desire.