The coming economic collapse

I have such a sense of futility about this stuff. The train wreck we're headed for seems unavoidable. Well it is unavoidable by little people like me. But the people with power - George Bush and Company - could avoid this if they just would. But they seem to want to ruin our economy.

Read this:

Let's say you have a brother who just can't manage money or pay his bills. He's in debt up to his eyeballs. His kids aren't getting adequate medical care or education because of his spending.

Five years ago, he did have money, but blew it all, and more, on a wasteful and destructive foreign adventure that made your family a lot of enemies. Last week, however, he topped that.

He arranged to borrow a whole lot, most of it, presumably, from the Chinese. But he didn't use it to pay his bills; he gave most of it to a bunch of millionaires who didn't need it, to curry favor with them.

So you tell me: Is it time that we stepped in and did an intervention, or whatever it's called, before our family is ruined forever?

Guess what: Surprise, surprise — this is a story about you, dear comrades! Your recklessly insolvent brother is our own smirking, stoop-shouldered George W. Bush, the worst president in history.

Today the press is so weak, and we are so used to his outrages, that we barely noticed the latest atrocity — another $70 billion tax cut, nearly all of it for the well-to-do to wealthy. The worst part is not that it is unfair, though it is. The worst part is that it hastens the collapse of our economy. The Seattle Times quoted Mark Zandi, chief economist for Moody's Economy.com, a financial consulting service based in Philadelphia."

If you do the math," he said "under any kind of reasonable economic assumptions the budget deficit will be 10 percent of gross domestic product 20 years from now. That's untenable. The economy will break before we get there."

That's from a conservative investor. Even if you are totally in sympathy with Puddin'head George's values, share his belief we should be launching a military crusade to save the world from radical Islam, and even if you think the war in Vietnam — oops — Iraq can be "won," you cannot be happy about his wrecking of our own economy.

The above passage is from an article entitled, "The destruction of our America" by Jack Lessenberry.

Here's a comment off of Smirking Chimp about that article:

It is not incompetence with these people. They know exactly what they are doing. They intend to wreck our economy as an excuse to dismantle Social Security and Medicare.

It makes me quite ill to consider that this commenter is right but I think he or she is.