lsayre wrote:As to my gloom and doom:
The economy part is mainly due to the Federal Reserve, the banks (a subset of the Fed), and Wall Street running the show instead of Congress, and the freedom part is due to the Patriot Act, TSA, NDAA, drones over America, militarized police, Obamacare, the abandonment of the Posse Comitatus Act , etc... (these mainly all given to us by Congress)
World War Two was called by Churchill " the most unnecessary war that ever was", and rightly so because it was the result of political failure and could have been nipped in the bud in 1936.
So too the Korean and Vietnam wars.
But they did happen and we coped. The debts were largely paid by devaluing the dollar by inflation, the same thing that is going on now.
The Fed is the creature of whatever party is in power and will do what that party and Congress wants. Alan Greenspan was an economic conservative and look what happened anyway.
Of course standard of living will be lowered. That's what happens when you are living on credit and now have to pay the bill. The standard of living of the Government should be lowered the most if there were any justice.
By insisting both parties face the facts both economically and in the erosion of freedom we will cope again.