The Coming Debt Bust
These trends are so dangerous that they should be the biggest topic on the table in every political discussion, yet no party is willing to discuss them. You can’t combine a bloated, secure government sector with a hyper-competitive free-market private economy. Sooner or later the peasants revolt, which is, I suppose, why we are importing so many Spanish-speaking ones who have no representation in government and no legal right to be peasants in this country. They can’t revolt.
Christian Financial prognosticators have been predicting this for years. They have warned that we need to get out of debt and stop the credit/ debt spiral.
There are many voices out there, but as MoM says, no one is willing to really face it. And so it gets oppressively depressing and alarming to the extreme to look at the facts. but I want you thinkers to read MoM’s commentary and especially read the Malanga article she linked in the City Journal.
When you take the entire picture of this along with the momentum of events such as the Kelo decision the picture is more than bleak.
If you will hear it, the Bible says this:
There is a correlation between being given over to sins and reaping long lasting consequences in the culture, including the oppression of government. Does this mean that cultures with greater oppression are given to a populace of greater sin? Well, if it were a matter of immediate consequence you might be able to say that… but the thing both with the concept of mercy and reaping harvest of what’s sown is that there is a time lapse. While we can see accumulation that creates an outcome, there is always time to circumvent what sometimes appears inevitable. Hope is resident in all of us because of the fact that little is inevitable. But there is such a thing as predictable outcomes…. and when a society is filled with that which degrades and destroys… sooner or later paying the piper comes due and not always in ways that one would expect.
Because of the time factor… and the delusionary measures to which mankind is so prone.
What is to be done? Using what time is left to reform and correct.