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January 25, 2012
The debt iceberg aheadOur exploding federal debt looms out of the ocean mists like the iceberg that ripped open the hull of the Titanic. This nations fiscal insolvency and the Titanic's maiden voyage have too many uncomfortable parallels. Captain E. J. Smith ignored seven different iceberg warnings including one warning received from the California, stopped just 19 miles from the site of the collision. The two lookouts that fateful night didn't even have binoculars. We cannot touch or see the Federal debt, but thanks to an opportunistic German seaman with a camera, we now have a picture of the most famous iceberg in history.
The MSM spends endless hours discussing the minutiae of the GOP candidates and the primaries, while each day this nation digs itself about $4.1 billion deeper in debt. About 29% of that shortfall results from the $1.2 billion we pay in interest each day on the $15.3 trillion debt. Let's be clear, the hard left socialists running the Obama Administration and their useful idiots in the MSM are using the GOP race (as they did OWS) as a carefully planned distraction, using up news cycles, to divert attention from the sluggish economy, the ongoing devastation of middle class unemployment, and the moribund housing markets. These staggeringly large numbers must not be ignored. A human sized perspective to these large numbers can help us understand how much of the accumulated wealth of a great nation is being hemorrhaged by these radical Democrats, hell-bent on the sinking our ship of state. So what could be purchased with $4.1 billion dollars, just one day's borrowings?
Much like Captain Smith, who ordered full speed ahead while the sea-lanes were choked with icebergs, this nation's impotent failure of political leadership has carefully cemented the deadly certainty of fiscal insolvency. Every day, the bright red blood of our nations wealth flows into that bottomless chasm of debt. Every day the bread and circuses provided by the political elites and their enablers obfuscate the clear and immediate danger to our Constitutional Republic. Every day we edge closer to losing our freedoms, liberties and property rights, all in the name of fairness, social justice, and safety. Every day can be the first day that we stand up and tell those who rely on our polite apathy, "Hell no, we will not go quietly into the night." |
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