Liquidating the Empire

October 14th, 2008 11:05 am  |  by Mike Miller  |  Published in Bailouts, Banking, Big Government, Debt, Economics, Federal Reserve, Foreign Policy, Liberty, Money, Neo-con, Politics, Taxes, War, government spending, national debt  |  0

Over at AntiWar.com”, Pat Buchanan’s commentary on the looming budget crisis is, as usual, honest and direct.  The bottom line is that the American Empire cannot be sustained, and just like the Roman Empire, it must eventually fall.

Uncle Sam’s Visa card is about to be stamped ‘Canceled.’ The budget
is going to have to go under the knife. But what gets cut? Social
Security and Medicare are surely exempt. Seniors have already taken a
huge hit in their 401(k)s. And as the Democrats are crafting another
$150 billion stimulus package for the working poor and middle class,
Medicaid and food stamps are untouchable. Interest on the debt cannot
be cut. It is going up. Will a Democratic Congress slash unemployment
benefits, welfare, education, student loans, veterans benefits — in a
recession? No way. Yet, that is almost the entire U.S. budget –
except for defense, the wars in Afghanistan and Iraq, and foreign aid.
And this is where the ax will eventually fall. It is the American
Empire that is going to be liquidated.

Excellent article. Read it now.

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