I fear a rapid descent into lawlessness is upon the United States. It is going to get worse in the years ahead because there is no way out of this financial mess. Politicians at every level spent us into oblivion, just to buy votes and feather their nests while forsaking their nation.
Even if you are not religious read 2 Thessalonians 2:3-12. That will give you a context to understand what is happening today.
I agree. There is no excuse for law enforcement or the judicial system letting these animals run rampant like this. Are our veterans on the side of these pigs? Why would the people of Wisconsin let their Capitol be trashed in this way?
If law enforcement can choose to behave this way, then no Republican’s life is safe in the State of Wisconsin. Now there’s a REAL shame!
I expect an increase in lawlessness in response to an increase in the long-term unemployment rate. We will get out of the financial mess, but it won’t be painless. All of the excessive government spending has to be paid for through higher taxes, budget cuts, and the hidden tax of inflation. I expect all three of those methods will be used to get government budget deficits back under control. Considering that the Deficit Reduction commission couldn’t even agree to vote for its own report, I think it’s going to be very difficult to get enough spending cuts. The only method the political class can agree on to reduce deficits is strong economic growth, and thus I expect the Fed will end up under tremendous pressure not to raise interest rates enough to actually control inflation. There will be heavy pressure on the Fed from the political class to keep interest rates too low, to generate the strongest possible economic growth rate in the US. So I’m expecting to see more inflation than I thought we’d see six months ago. The federal government will understate that inflation in official statistics by underweighting food and energy in the CPI, but we’ll all feel it when we pay our food and gasoline bills.
The production and use of physical resources and services must be balanced, and the political class will ultimately decide to balance resources by taking more resources for the government (to help politicians get reelected) and then devaluing the dollar through inflation to force citizens to use less in physical resources and services. I’ve been buying oil & gas and mining stocks to hedge against the inevitable increase in actual inflation.