In the 1980's, the United States underwent an arms race with the Soviet Union. But that's not all. We sabotaged their efforts to bring natural gas to Europe, and we encouraged the Saudis to glut the world oil market so that the price of oil would go down. The result? The Soviet Union is no more. Socialism and empire building could not keep pace with the freedom of markets when it came to generating wealth--they never could, and they never will. The US won and the Soviets lost, and the world is all the better for it. Millions more people now live in freedom.
But you know the irony of it? America is on the same collision course with economic disaster as our erstwhile Communist enemy. Why? Because we have become socialist empire builders, just like the Soviets once were.
It doesn't work. But we act like we don't understand this simple concept. We're either lazy or stupid.
For the first time ever(?), the Canadian dollar is worth more than the US dollar. The US dollar, once the reserve currency of the world, is now being shunned more and more often in favor of a more reliable Euro. Here at home we contemplate buying health care for every American. Abroad we crusade with our tanks and daisy cutter bombs for 'liberty' for everyone else.
Socialist empire building doesn't work. We act like we don't understand this simple concept. We're either lazy or stupid.And the debt continues to pile like a putrescent boil that is about to explode.
As it stands, all debts held by the United States of America would require every man, woman, and child in the United States to pay $140,000 if we were to retire that debt. That is so unfathomable that we can't even really comprehend that we are in a serious predicament! Maybe that's why we think we can afford to pay for every American's health care and Social Security. Maybe that's why we think we can afford to tilt at every windmill in the Middle East.
Glenn Beck reminds us that Congress thinks we can't handle that truth.
Unfortunately, the American people never got to see those [debt] numbers because they were pulled out of the 2004 budget just a few days after then Treasury Secretary Paul O'Neill -- who had ordered the analysis -- was fired. And why were they pulled? It's simple; because our leaders in both parties believe that we can't handle the truth. Well they're wrong. What we can't handle are leaders who refuse to tell the truth.Well, we'd better learn to handle that truth, or we're screwed. We'd better put in office a whole lot of representatives who want us to know what that truth is, because that truth is coming at us like a freight train.
We have no alternative but to elect representatives to every level of government that understand fiscal responsibility. We must elect leaders who stop wasting American money making problems around the world even worse. We must have as our lawmakers and executives those men and women who realize that, even for a mighty nation, we can only afford so much. If we don't, we are headed for the greatest bankruptcy the world has ever known.
If we fall, it will be much worse and much farther than the fall of the Soviet Union. We cannot afford to fall further into debt if we hope to remain a free nation.