Ron Paul: America’s ‘Financial And Moral Bankruptcy’

The self inflicted damage is done – we are but merely a once- great republic in decline, which in my view started on 9/11 and proceeded with the Red & Blue war hawks’ massive overkill, in both blood and treasure, in the war on terror in Afghanistan, Iraq, & Pakistan. Then followed the Great Recession (which was largely caused by the banking systems’ reaction to federal gov’t housing policy to force loans to people who didn’t have the proper credit to buy a house) and the TARP bailout of the banks, unions, and major automakers, followed by the market subsidies of Obamacare (which transferred 15% of our economy to federal control and transitioned the debt acceleration from mere subsonic to afterburner) with the final coupe-de-gras with the combined 10 trillion spent by Trump and Biden over largely the hyper-overreactive response to Covid-19 and the so-called Green New Deal. Throughout that period of time, there are billions upon billions that we borrowed to simply give away to other countries. At this point, it’s the brutal reality of math on an amount of debt so massive that its interest rate service is about to exceed the actual amount collected annually in taxes in the entire country. The only reason we have not collapsed by now is because we have the world’s reserve currency, and so much of the western world in Europe is actually worse off. Financially, the US is the least dirty shirt in the pile of dirty clothes; the thinnist fat chick in the bar to take home when the lights come on. But that’s about it. Any Republican or Democrat who tries to tell you our financial house is fine, the debt is not a problem, we can afford another war, another new welfare program, another million illegal immigrants is just either a complete fool or a knowing liar who is just trying to keep denying reality to keep things propped up as long as possible while some elites can loot the treasury before fleeing the country, much like Saddam Hussein’s sons when we toppled the Iraqi government. There will be a terrible collapse, particularly in the long-blue democrat states and major cities which are steeped in debt and have junk bond ratings, while the red states that have been financially responsible and strong (and not all red states have those credentials, mind you) will be better off, but not without pain. We as a people don’t have the sterner “stuff” in us any more to allow the steep, drastic cuts in federal spending and the affiliated benefits and services that could have, maybe, about a 10-15% chance of staving off a major disaster. We don’t want to face the fact that when Social Security was created, the average American’s lifespan was about 60 for men, and 64 for women – and it was never intended to be something that people lived off of for 15+ years – it was meant to keep people off the streets and digging out of trash cans to eat during the last 3-5 years of their life, if they were fortunate enough to live long enough to collect. Red and Blue, over the course of about 20 years, we essentially either actively voted for this descending stairs of decline or passively, like a bunch of clueless “Normie Norms” allowed this to happen right in front of us- and that includes the rigid Trumpers who still stand by a man who presided over the largest single year increase in the national debt in all of American history. Face it, own it.