AMERICA’s DEBT DUE to EXCESSES OF DECADES PAST
By JAMES A. MARPLES
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I have read news articles postulating reasons why America is in such bad fiscal shape; and proposed ‘fixes’ such as curtailing items such as Medicare, Medicaid, the Military, even the post office. Such changes could have been relatively mild and gradual, if they had been adjusted or tweaked slow and gradually.
It is true that politicians have failed to address ‘genuine remedies’ to offset the clearly seen problems. But, now, Americans face the very real possibility that the US Dollar will lose its reserve world currency status. It will happen someday. Then, all bets will be off. It is akin to a seemingly rich Uncle Sam peddling junk-bonds. Nobody will buy. Then, our economic status won’t matter. The cold hard facts are: America is broke. The national debt stands at $36.8 TRILLION (and counting faster than a taxi-cab meter on steroids).
I detest crypto as invisible-money. The dollar is no longer backed by silver or gold (which has skyrocketed and will stand the test of time). Our own citizens (and corporations) say they hate slavery, while they grin at cheap Chinese-made products, made with virtually slave-labor.
We’re bogged-down in an American Culture War. No bunch of politicians glib-talk can cure it. America may have to start anew.
It is sad to think about. Many nations are known to have nuclear weapons. The UK, USA, China, France, Pakistan, India, Israel, and North Korea (as well as the possible rouge-groups not classified by ‘nation’ but via by extremist-labels. I feel it is almost certain that Iran has nukes. So far, none have been used in recent decades (as far as the public knows). Yet, realistically, it may only be a matter of ‘when’. More and more nations are in extreme poverty and/or dealing with uncertain times.
Now, nukes are “the currency of the realm”. Our paper-dollars will never pay down the national-debt. It is simply too high. Modern Americans don’t readily associate America as a nation who uses conquest. However, we must face a hard truth: Virtually ALL the other nations mentioned above have known expansion and retreat via conquests. Even the famed Roman Empire fell. I pray for the best. But, I fear this problem has been neglected so long —and with America’s internal gridlock: our own people may not agree to help ourselves. The chickens will come home to roost.
