Sunday, September 30, 2012

Mooching May Be the Way to Go

Those convinced that the U.S. economy is a goner, that the system is irreversibly corrupt, and that the national character has degraded to the point that its virtues no longer are retrievable have a point .  . . and may, in fact, be correct.

That certainly is the case insofar as the economy is concerned.  When the chickens come home to roost as inflation kicks in and skyrockets along with interest rates, Social Security, Medicare, Medicaid, and pension payments the government is obligated to make together with interest on its humongous  debt will exceed its revenues, consuming more than it does and has the ability to take in.  Borrowing still more to make up the shortfall will be impossible.  Ready, willing, and able lenders will be hard to come by (except of course, for the Federal Reserve which can be counted on to continue printing unlimited quantities of worthless currency).

The most cynical (or, perhaps, realistic) prognosticators maintain that the optimum course of action is to do everything possible to hasten the inevitable collapse while preparing for the arduous rebuilding process that traditionalists hope will ensue.

If the foregoing is correct, joining the looters and moochers who already make up almost half the nation's population may be the best thing anyone can do. Just imagine how quickly the whole rotting structure could be brought down if 75 to 80 percent of the  people were to demand to be supported by the productive minority . . . .  Or, better yet, what about if the righteous 99% were to require the evil 1%  to fund all of the needs and desires of every member of their irresistible mob?  


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