(5/10/2005) When a family can no longer afford to pay the mortgage on their home they lose it. When a government can no longer afford to pay it's debt service it must sell off it's assets or it's currency becomes worthless.

In America the citizens are the government, so if America goes broke it is the American people who lose.

 

Not all the American people will lose if the U.S. government goes bankrupt because what will happen is a wealth transfer. The very rich will buy up all the governments assets for pennies on the dollar in a series of sweetheart deals similar to the RTC S&L bailout deals. The ironic thing is that our bankrupt government will probably finance these rip-off transactions. Thus, the vast majority of the American people will lose twice, and a small group of people will become instant trillionaires.

The U.S. government currently owns around 30% of all the real estate in America, as well as many priceless treasures, and other intangible assets. These assets probably have a value of over $100 trillion dollars. However, in a bankrupt auction sale our government would be lucky to get $10 trillion dollars, and it would probably get a lot less. In fact, what I suspect will happen is that our government will only get enough money to pay current interest cost and it will still be left deep in debt and have zero assets to borrow against.

The Republicans frequently say they want to "starve the beast", and that is exactly what they have been doing with huge deficit budgets. They are not doing it for any noble or ideological reasons, as they would have you believe, but they are doing it for greed. The "beast" is the U.S. government, and in America the people are the government. Therefore, when the GOP says they are going to "starve the beast" they are really saying that they are going to destroy the institution that represents the American people; they are trying to starve the American people.

The Republican party represents a small group of extremely wealthy families who already own almost everything in America. Currently the top .1% of Americans own more wealth than the bottom 90% combined. They only claim to represent a conservative ideology as a  cover story for their real representation of these few mega rich families. In other words, they are con-men and they have successfully tricked most of the American people so that they could effectively service the few super wealthy families who they really represent. They are nothing more than little two-faced money whores.

So what will America be like after the Republicans get done "starving the beast" and our government is only a hollow shell of it's former self? For one thing, opportunity to move up the economic ladder will have evaporated like a drop of moisture in a hot oven. The government will no longer be a provider of social safety net programs and social service for the American people. Laws will only protect the rich from everyone else. The American people will work long and hard for low pay for one of "the families", or they will starve and die. Elections and voting will be a meaningless hoax that the media will help to conceal. Our society will quickly begin to look more and more like the society in Mexico; a few with a lot and most with nothing.

Most of the American people are in denial about what is happening, but it is happening and there is not much we can do about it because of a rigged paperless voting computers that are contolled by one political party.

I think that a lot of people foolishly believe that if they support the Republican party they will get to join the ranks of the rich some day, when the exact opposite is much more likely to happen. Or they incorrectly believe the GOP represents a social and fiscal conservatism that is healthy for our capitalist democracy, when the reality is they represent a fascist ideology that is ruining our democracy. Or they have been tricked into believing that the Republican party is more moral and Christian than the Democratic party, when in fact all their legislation and policy positions represent the opposite of Christian values.

The truth is that Republican party is nothing more than a clever and well financed criminal organization that is busy figuring out how to pick the pockets of the American people and their government while giving the appearance of honorable public servants and moral leaders. In other words, their just a bunch of con-men who are perpetrating a series of bait & switch scams that will cost the American people their democracy, and much more if they are allowed to succeed.

Many smart people repeat the famous quote "People who forget their mistakes are doomed to repeat them.", and that is definitely the case with our democracy. Our founding fathers warned us about people who might try to rob our government and enslave us. They wrote our foundation laws, the U.S. Constitution, to prevent our democracy from being robbed, and to protect the people from being oppressed. Our forefathers understood the dangers to our democracy from wealthy Americans and they stood up to the Robber Barons, and thus keep them from robbing America and enslaving it's people. But obviously most of the American people don't know their own country's history and as a result we are now on the verge of losing the two hundred year inheritance that our forefathers left us.

Today we have a $7.8 trillion dollar debt, an un-funded Social Security system that has IOUs of $1.7 trillion, and is about to be undermined by Bush's plan for privatization. We have a Medicare system that has been pushed to the brink of bankruptcy by bad legislation that Bush and the GOP designed. We have a government that is controlled by Bush and the Republican party and these people have cut taxes and raised spending so much that our government is adding $.7 trillion a year to our debt burden, and has shifted the tax burden off the rich and onto the middle class. In other words, the Republicans have set our government on a fast track to bankruptcy and impoverishing 99.9% of the American people.

This is not just George W. Bush's fault. It is also Ronald Reagan's fault since his administration added over $2 trillion dollars to the national debt. And it is Papa Bush's fault since his administration added another $2 trillion to the national debt. And it is the GOP's fault since they were the ones who picked these leaders and their members are the ones who voted for all these new debts.

You can't blame Clinton or the Democrats for this debt since they are the ones who balanced the federal budget and generated a huge surplus, historic economic growth, lots of new wealth, and very low unemployment.

I hope you realize that Bush and the Republicans in Congress are laughing at us behind our backs, as they think to themselves "suckers" as they continue their greedy ruthless con game.

Since the elections in November all the debate, finger pointing, partisanship, reasoned arguments, and logical suggestions are now mute points because our voting system is rigged, and the American people don't understand what has happened, or more importantly what they can do about it.

It is up to the American people to hold these treasonous criminals accountable, otherwise they will need to learn how to live on their knees, and how to die with faith.