I have been telling people this for 5 years. I thought it was pretty common sense, when Obama “bailed out” the automakers.
In discussion about politics and money, I have told people to do everything they can to be independent of all government handouts, including public education , pensions and tax breaks. It is all going to be up for grabs.
I told people to watch what happens in Detroit as an indicator of what is going to happen to the country- and of course I have been mocked and laughed at and called names... and vilified. I have been harassed, stalked and even attacked for pointing out that people who live on the government are going to be the worst hit.
They get hysterical, as if THAT is going to stop the collapse.
WHY?
Because I was talking to progressives. They really are like crack addicts. Take away their drug and they are incapable of dealing with reality.
I have talked about the struggle I have with how much compassion to show these people,. when their lives are turned upside down, and they are very, very wanting for comfort and security. Many of them are not going to make it. They will kill each other.
What happens in Detroit is going to happen all over the place- because a balance has to be found.
I agree with you - I wrote this on another thread, but it is true across the board!
It’s all going to crash. We are all Detroit. Detroit is a window into our future.
The Fed government is borrowing almost half of every dollar it spends. When necessary the Fed prints money to keep it going. They can’t afford to stop printing money and that creates inflation - it’s a killer for everyone. The democrats lead the charge and the republicrats - in the name of bipartisanship and compassionate conservatism go along with it at a slower pace, but they still do it too.
We won’t stop spending money we don’t have and instead of sharing the pain we created with our children we are dumping the whole mess on them. Read a social security thread on this forum (a bastion of conservatism) and read the remarks - they were promised something and they are going to get it no matter what! This is why we will print/borrow our nation into oblivion. The checks will keep coming until they don’t buy a bag of groceries. What then?
We will all be Detroit soon! Most folks do not recognize that much of our nation is doing the same thing as Detroit albeit on a smaller scale. Most folks ignore that our Fed government is doing the same thing as Detroit on an unprecedented scale. A scale that will impact the purchasing power of every dollar and impact the entire world economy in ways we cannot imagine. Detroit was the maximum application of progressive policies. Detroit lost revenue and increased spending. They borrowed to make up for lost revenue until they could borrow no more. They would have printed money to maintain the lie if they were allowed. They ran industry out of their city by making industry unaffordable. Sound familiar?
People will demand they get what they were promised and our children and future generations will have to pay for it!