In England, and early on in America, there were Debtor’s Prisons which incarcerated people who were unwilling, or unable, to repay their debts. Unless you had friends with means to satisfy your debts, or friends in high places who could pull some strings, you could be locked up in The Clink (that’s where the term comes from, because the London Debtor’s Prison was called The Clink), in some cases for life. The United States outlawed Debtor’s prisons in 1833. We’re not allowed to lock up people simply because they lack the means to pay. But what happens when the debtor isn’t the citizen but is the government itself? We’ve almost always had a national debt. Sovereign debt is not necessarily a bad thing, but it can become bad when it balloons out of control. But how much debt is too much? In 1929, just before the Stock Market Crash, our national debt was $17 billion. Even with the New Deal social spending, by the start of World War II, the debt was $49 billion, and never was more than 50% of gross national product (GDP). During World War II, the debt rose to $259 billion, and for the first time topped 100% of GDP. There was good reason for this, as the War was a battle to decide if the world would be free or fascist. The debt remained between $200 and $300 billion, and never more than 58% of GDP until the 1960’s and LBJ’s Great Society and Vietnam war spending double whammy. The combination of war costs, the 1970’s stagflation and 11% unemployment increased the debt from $300 billion to $908 billion in 1980. The debt hit $1 trillion for the first time in 1982. It took 4 years for the debt to double to $2 trillion in 1986, and it doubled again to $4 trillion by 1992, but still was between 50 and 60% of GDP. By 2005, the debt again doubled to $8 trillion, and doubled again to $16 trillion by 2012. At this point, we were flirting with a debt at 100% of GDP. In the 10 plus years since 2012, we again doubled the debt to nearly $32 trillion, and 125% of GDP. Consider that. The only other time in our history that our debt has exceeded 100% of GDP was World War II, when we were fighting for our very lives. Now, we’re at 125% of GDP simply because we have lost the ability to stop ourselves from spending money we don’t have. And we’re spending money, not to fight fascist enemies who threatened to take over the world, but to support illegal aliens, to subsidize electric cars that people don’t want and that our power grid can’t support, and for every whacky Leftist fever dream the Woke imbeciles can think of to expand entitlement spending to the point where they reach their goal, the collapse of the capitalist system, and the installation of their Socialist Workers’ Paradise, which worked great in the Soviet Union. I didn’t make this up. It’s the plan of sociologists Richard Cloward and Frances Piven, to fundamentally transform America. Sound familiar? The 8 step plan – Control healthcare and you control the people; Increase the debt to an unsustainable level; Use gun control to remove the people’s ability to defend themselves from the Government; Take control of every aspect of people’s lives, including food, housing, and income; Take control of what people read; Take control of what children learn in school; Remove the belief in the God from the Government and schools; and Divide the people into the wealthy and the poor to create class warfare. Democrats are pushing all of the above. The objective is to collapse the system, create panic, and install a socialist tyranny to redistribute wealth until, as Venezuela found out, no wealth remains and we are fundamentally transformed into a Third World shithole. It’s ironic. In the 1940’s we went deep in debt to keep fascists from taking over. Now, we’re deep in debt so that the Woke fascists can take over. Ballooning the debt is just one part of the scheme, and it’s reaching a dangerous level. The World Bank says that the tipping point between sustainable debt and collapse is 77% of GDP for a prolonged period. As detailed above, we blew the doors off that level of debt some 11 years ago. The battle over raising the debt ceiling now going on in the Congress has become an issue for two reasons. First, we have a Republican majority in the House, which is insisting on some check, even if it’s just a slowing of new spending, and because Biden inflation has caused the interest rates to be raised so high that servicing the debt is costing us $640 billion this year and $739 billion next year, nearly as much as we spend on defense and Medicare. Interest on the debt could be hidden before, with the Fed keeping interest rates near zero. For instance, in 2018, debt service was $263 billion. Now, it’s becoming the creature that ate the budget. And in the face of this, Democrats just want to keep spending. They were shocked, shocked that Speaker McCarthy insisted on spending caps in return for an increase of the debt ceiling. How dare House Republicans “hold the government hostage” by doing something as controversial as demanding input into spending, which the Constitution says is their job? Some may question whether the Democrats are really planning the collapse of the country, but ask yourselves what else could be driving them? By admitting 7.5 million illegals, ignoring the concept of equal justice, encouraging predators to turn cities into Hellholes, refusing to enforce the law, purposely destroying our energy industries, and seeking to gain federal control of local zoning, they are carrying out the Cloward & Piven model to a tee. Either their goal is a complete collapse, or else they are just too crazy or stupid to be left in charge. And you and I know they’re not stupid. Crazy and evil maybe, but never stupid. If the Left succeeds, it will make no difference that Debtor’s Prison was abolished. For hardworking taxpayers, the entire country will be our prison. We’ll be prisoners of our debt just as though we were behind bars in The Clink. All merit ignored. All incentive killed. All freedoms denied, and all hope fundamentally transformed into despair. We’ll finally reach Equity, a state in which all are equally destitute, ignorant, and miserable. But rest assured, as we all disappear beneath that massive tsunami of debt, our Woke masters will keep telling us how they preserved our democracy.
Leave a Reply