Monday, July 4, 2011

Morning Summary, July 4, 2011


Happy July 4th, America! Only, it doesn't seem as happy as it should. I didn't report on it, but there were some nasty looking articles out there recently. There seems to be a failure to grasp the significance of events and this failure seems to span the entire country.

Things have changed, and you have to adjust to the changes. Yet it seems as though the people want to keep on doing things the same old way as always. There's going to have to be some acceptance of the new order of things, and that means a reordering of priorities for this country.

Military spending will have to be cut- a lot. Entitlement spending will have to be cut- a lot. Taxes will have to go up- a lot. That's because the deficit is freaking huge. We don't have the money and we can't just can't borrow and borrow until we wreck the financial structure of the country.

It probably means that we can't defend the rest of the world anymore. They have economies that can rival ours. Why do we have to defend them? They can defend themselves. Of course, this could open up a can of worms because you don't know how these changes will play out. But the fact is, we don't have the capacity to shape events as we please. We have to take our chances with things the way they are, not as we would wish for them to be.

But, I don't know if the politicians see it this way. It kinda looks like they are going to play this the same way as always. And that worries me.

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