Since when is the DIABLO Mark Kirk a conservative hero?
Who said he was? Kirk’s pretty solid on fiscal issues.
I have no idea about Kirk, but the left is certainly trying to make the government insolvent. The Repub and Dem establishments play into the game, thinking the economy will rebound and the government will not become insolvent.
This is being done by forcing more government debt creation by increasing spending and lowering taxes, the natural consequence of seeking to buy votes with taxpayer dollars. The only debate between R & D establisment types and the left is who gets the borrowed dollars that they taxpayer must then someday repay.
Europe is the same and will blow up first.
Nations will all blame each other for their economic depression.
Widespread financial depression and geo-political embarassment of the political class as well as large investment funds and firms.
Nations must quickly turn to surviving on their own financially. Keep reliance to imports and exports to a reasonable level, keep a trade balance. Governments must reduce their staffing levels and general fund spending while maintaining their promises to the current elderly population - and dramatically reduce heavy-handed regulation and taxation of small business. The private sector must become self-reliant and start up a lot of small businesses.