The debt we have today is very dangerous all by itself. What would happen if we faced a real crisis that required yet another massive increase in debt?
But even barring that, even if Romney had won and had a republican majority, the growth of the debt would take several years to get under control and it would require at least one generation to grow the economy to catch up with it. There is pretty much zero chance of us maintaining a responsible government for that long. It simply is no longer in our national character.
Now we have at least two more years before there is much of a chance of even starting the process. The staggering fact is that the debt will probably increase by 15 to 20% in that time alone and there is no guarantee republicans will win big enough to effect any kind of meaningful change either or would even if they can. And in all likelihood the economy will be stagnant or even shrink on top of all that.
The world has pretty much already written off the dollar as a stable currency already, and that is all that has let us get away with we are doing this long.
Wishful thinking has always been a bad response to reality. We are at the point where a lot of things have to break exactly the right way and the first of those has to be the very return to sanity that just keeps getting kicked down the road.
I don’t think succession gets us back on the right track. It further divides us as a nation.
No, wishful thinking won’t get us back on track, as long as succession is the result of it.
Wishful thinking that pushes us to devise new healthy strategies to get things back on track will.