Steyn is being very generous when he says we have 2 years as the world’s currency reserve. It might take that long to implement it, but the decision to TRY has already been made by various players in the game.
I think he’s right, that the GOP leadership doesn’t “get it”. Sadly, the media seems immune to grasping the problem as well, which is amazing, because they would be some of the first to scream bloody murder at losing their wealth.
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Various people here have said that GOP needs time to cut the budget. From what they’ve been saying and doing, I don’t think time is the issue. They don’t get it. They won’t really try. I don’t see a happy ending here.
Steyn ping
Steyn puts it in a nutshell for us.
No longer having the worlds reserve currency is a big deal but not that big a deal. No longer having the worlds reserve currency with a debt to GDP ratio greater than 100% is a very big deal, we’re-going-to-have-to-let-grandma-die level of big deal. I give that three to six years.
Even the freshmen think balancing the budget in 7 years is good enough. They are wrong. There will be some sort of crisis in the next seven years and that will sink us unless we have the discipline to live within our means now. Note that the time from the 1994 to 2001 was seven years.
The insanity is thinking that career politicians, and the political dynamics that have created “career politicians”, perpetually promising more, basking in power, and kicking the can down the road, will suddenly do a 180 and forget about their own perks and power for the benefit of the country.
Nothing that has been done in D.C, for decades now has been about personal sacrifice of power and perks for the benefit of the country. And most definitely, nothing about D.C. has been about blunt, honest communication.
Ping.....
It amazes me that the focus is on cutting social security and medicare.
Why do we hear nothing about cutting welfare, section 8, food stamps, free cars and cell phones?
Depressing, because when Mark Steyn sees it happening, it usually is...
Mark Steyn ping.
Freep mail me, if you want on or off the Mark Steyn ping list.
Thanks for the ping knews_hound.
When that happens, dems will keep spending at an ever faster rate ON THEIR PET VICTIM GROUPS. Tax money will go to gang bangers, drug addicts, and Bill Ayers type radicals etc. WHILE grannie goes hungry and Grannies' kids go broke trying to keep her alive.
The MSM will showcases the misery - blaming the GOP every step of the way. And the country will still go broke.
While dems are spending it up on Unions, GM, the VOLT, PBS, fat pensions for Gov. workers etc (see above) - any and everyone liberal. All the sacrifice by the conservative elderly middle class will become a joke as same old liberal groups get MORE money than ever.
Remember when dems talked the first President Bush to go back on his word about 'no new taxes' - said he had to do it for the good of the country. Then when he did, they hung and beat him with his goodness. Really, it's a trap. We can't make this mess better if dems have eliminated us. Steyn doesn't get this one.