PAST & FUTURE SHADES OF THE
the streets much more violent. The war on terrorism radicalized Muslims so they wanted to kill us. And your cockamamie finances opened the door to a series of calamities. “You want to know what happened? It was obvious. But you never even bothered to look. You must have thought some miracle would take care of it. But someone had to pay that $40 trillion of debt. And guess who did? We did. “We neither borrowed it, nor lent it, but we suffered one financial disaster after another, as the feds kept trying to avoid it.” CRASH OF 2019 “First, the Crash of 2019 caused the feds to panic. They tried the same tricks they used in 2000 and 2008. But they didn’t work (partly because they never ‘normalized’ interest rates.) So, they turned from monetary stimulus (the Fed) to fiscal stimulus (the federal government). “The Trump government passed another tax cut and a big infrastructure bill (more stimulus). Now the deficit was at $2 trillion. Still, everything seemed to be going okay for a while. But by then, the whole economy was running on fake money. “More than half of federal spending, for example, was funded by the Fed. And after a while, we noticed prices beginning to edge up as the money worked its way into the economy. “At first, it seemed like a good thing. Finally, the economists said, we were overcoming the deflation. The stock market went up. It was
SOME MIRACLE “And then there are your other dumb programs... fighting drugs... rounding up immigrants... subsidizing poverty... encouraging ‘equality’... keeping the planet from overheating... paying people with handicaps... offering unlimited free medical services to old people... “... I could go down the list of all the things you spent money on. About one out of every three dollars was borrowed. Now, what does that mean? It means you wanted it, but you were unwilling to pay for it. “So you took the money from us – in future generations, who weren’t even born then... and had no say in it – to pay for a third of your numbskull spending. “Did you think that we would be such morons that we wouldn’t be able to come up with any boondoggles of our own? That you had to spend our money for us... because we wouldn’t be smart enough to spend it for ourselves? “And just look at what you spent the money on. The War on Poverty had no effect on poverty. The war on drugs just increased the population of prison inmates... and made
The War on Poverty had no effect on poverty. The war on drugs just increased the population of prison inmates...
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May 2019
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