“....To imply that the greatest, most powerful country in history has suffered an economic hit it might not ever recover from is in a word, unAmerican , to imply that the greatest, most powerful country in history has suffered an economic hit it might not ever recover from is to deny that what has made America so great, the very principles set forth by our founding fathers, the resilience of its people to carry on with relentless bravery in the face of adversity. I believe that despite the toll our burgeoning deficit may take, America’s best days are yet to come. God Bless America. “
there is no confidence in the dollar. The fed is monetizing debt. Once the credit contraction slows/ends, the endless dollar printing is going to begin to cause serious inflation, aside from the anticipatory currency moves we already see.
it may be unamerican, but it is very realistic, and is a story told over and over throughout history. Is there any old empire that reached the level of fiscal disaster the US is at and didn’t keep rolling downhill?
Your points are very well-taken and make for a very persuasive, effective argument, all of your points absolutely ironclad, in that there is no mistaking this deficit blowout as being one of America's greatest challenges.
You've taken to be downtrodden about how this is all going to end, in fatalistic manner, the futility of it all, the sky is falling, the sky is falling and there you are, your pitcher of Kool-Aid is all done except for the drinking.
Well, I'm sorry but that is just about the most unAmerican, (won't say cowardly) attitude there could possibly be. Imagine had any of our historical brethren taken such an approach there would not be American history for us to have made.
We've faced challenges where the very destiny of our nation stood on the precipice. In World War II, our navy was decimated, the European continent was a Nazi fortress, civilization as we had known it to be, freedom, democracy, the very fate of mankind stood in the balance. The problems, statistics every bit as factual, realistic as what you've taken to enumerate about our current crisis except maybe multiplied a few times over, war casualties, death does have a way of piling on the misery.
I don't think any time throughout the war effort was there any one who would have opted for surrender, at least not to put up a fight. There were times even after America had geared up its awesome war machine where things looked very bleak for the Allies, where pessimism was all that the War had come to meaN. But no one dared succumb to it.
That is the American way. Always was, will always be.