Give Obama what he wants: Implosion is exactly what America needs in order to find its fiscal way
The best thing the Republicans could do right now is to give Obama everything that he wants. Those of us who think, rather than feel, understand that Obama’s course will end up with the United States going bankrupt, because there isn’t enough money on the planet, much less the US, to pay for all the goodies the Democrats want to bestow on their favored constituents.
Just to give you an example of how hopeless the situation is, the combined net worth of the Forbes list of America’s 400 wealthiest people is just over $1.7 trillion. So if you confiscate 100% of that wealth you would just have enough money to cover this year’s federal budget deficit and next year you would have to confiscate the combined wealth of tens of thousands more Americans to cover next year’s deficit.
Clearly, raising taxes on “The Rich” will not even come close to achieving its stated purpose, namely reducing the deficit.
And while Republican politicians are posturing liked testosterone crazed Sumo Wrestlers about making sure entitlements are reduced if they agree to tax increases, the truth is that Republicans, who are currently consumed with self-loathing, will cave on tax increases without spending cuts.
Best thing they could do is to just rubber stamp everything that Obama and the Dems are demanding because the sooner all their ambitious demands are met; the sooner the country will implode.
And implosion is exactly what America needs in order to find its fiscal way. Drug addicts, alcoholics, recovery, hitting rock-bottom
For drug addicts or alcoholics to have even the slightest chance at recovery, what’s needed is to hit rock-bottom, to experience that searing realization that the wall of oblivion is about to collide full force with their nose, to totally scrape bottom and realize that’s death staring
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