BEWARE OF GREEKS BEARING ROCKS

The picture and comments are taken from Casey's Daily Dispatch 3/11/10 by David Galland:

America's deficits are on a parabolic trend to infinity as the interest on previous borrowings and current over spending continue to increase at an increasing rate.

Our elected representatives and regulators seem totally incapable of recognizing the problem, let alone doing anything about it.

"While many in government surely hope for the best – after all, electioneering in good economic times is far easier than in bad – the simple matter is that those with their hands on the tiller of national policy are mere humans and nothing more. And, based on my personal experience with too many of them to count, they are not even particularly special humans but rather just everyday folks looking to provide security for themselves and their families.

Importantly, however, these bureaucrats and politicians have ideas, and they have the power to implement these ideas. At some point along the road, one of them thought it was a good idea to institute an income tax, and someone one-upped them by proposing a progressive income tax. Someone else thought it was a good idea to invade Iraq, for absolutely no reason, it turns out. And so, as a result, the taxpayers of this generation and many into the future were handed a bill on the order of $3 trillion."

Quoting H. L. Mencken in the American Mercury, May ,1930:

The legislature, like the executive, has ceased, save indirectly, to be even the creature of the people: it is the creature, in the main, of pressure groups, and most of them, it must be manifest, are of dubious wisdom and even more dubious honesty. Laws are no longer made by a rational process of public discussion; they are made by a process of blackmail and intimidation, and they are executed in the same manner. The typical lawmaker of today is a man wholly devoid of principle – a mere counter in a grotesque and knavish game. If the right pressure could be applied to him he would be cheerfully in favor of polygamy, astrology or cannibalism."

"While there are no doubt some successful programs that have bubbled out of the bureaucrats over the years, it takes no more than a quick glance at the country’s balance sheet – and that of most countries – to see that something has gone very, very wrong. And it’s not getting better. In fact, it is getting worse in a hurry."

There can be no solution to our dilemma until reform and a new paradigm is installed, as it is we are on a course for collapse and extensive pain of which we are unaware and totally unprepared; having lived beyond our productive means and borrowed with abandon to support an empire with social programs and foreign wars.

With Love and Kindness,

THE HATMAN