Default is Better Now than Later
The Unites States is deeply in debt and we do not possess the political will to reverse this trend — or even to stop it. We don’t have the votes to reduce our expenses enough to pay off some of our debts; we don’t even have the votes to keep our debt at it’s current ridiculously out-of-control limits.
Like children, we want what we want and we don’t care about consequences. In February, Republicans managed to force through a pathetic $60B spending reduction and Democrats reacted as if it were the end of the world. $60B in the scope of the Federal spending is nothing. That’s roughly the equivalent of you or I giving up a weekend vacation.
That ridiculous refusal to come to grips with reality, and the many similar examples before it, led to the current “crisis” — except it’s not really a crisis at all. The U.S. has been in this situation before, and probably will be again. Just like any other nation in the same situation, we will pay off current debts, sell assets, and delay spending. Hitting an appropriations limit isn’t a crisis, the crisis is the lack of moral backbone in the nations capitol. There is no crisis this year which is substantially different from the crisis in which we’ve been mired for the last eighty years. All of the talk about sudden panic is simply propaganda which is being created and distributed for the sole purpose of gaining support for the idea of borrowing more money — of further leveraging our children’s futures to avoid accepting responsibility for our own debts.
The Democrats have no legitimate plan to reduce the deficit. They are willing to cut nothing other than national defense. They want to raise the debt limit because they have no intent on ever reducing the national debt. To them, this is a problem which will be solved by our grandchildren — so why worry? To Democrats, economic growth “just happens”, so if we just keep spending ourselves into debt for long enough, a “recovery” will magically occur. Democrats don’t accept that debt and taxes destroy healthy economies. They don’t understand or accept that economic growth is caused by human actions — the actions of millions of entrepreneurs and working people. They honestly believe that we’re just caught in “a cycle” which can be righted by spending ourselves deeper into debt.
We are trapped in a nation with these people — people who reject the principle of causation. This does not bode well for our future. It is better to settle this issue with them now, when the debt per taxpayer is only $130,008, than to push this trouble off into the future — a future where that number is almost certain to continue to rise.






