The United States is not facing bankruptcy, it is bankrupt.

As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Yet there is no sense of urgency or desire on the part of the governing class to level with the American people. This nation is living on the residue of the economic growth begun in the 1950's and accelerated in the 1980's. That tidal wave of prosperity has ebbed. The United States has entered into a death spiral of unrestrained spending, excessive taxation, printing near worthless money, and stagnant economic activity. Rather than be straightforward with the populace, the governing class is content to paper over the problem by the usual shell games of phony long-term spending cuts, more borrowing, and prevarications about the efficacy of raising taxes on "the rich."

The true nature of the GOP establishment's motivation has been exposed by their reaction to the Tea Party movement. This grassroots rebellion was the first manifestation of the awareness by a large portion of the American public of the nation's problems and ultimate consequences. Despite the overwhelming success of the Tea Party working within the Republican Party in the 2010 mid-term elections, nearly all of the Republican elites downplayed their success and fell-in with the mainstream media and the Democrats in their well-worn and gratuitous aspersions against these concerned and patriotic Americans. The Tea Party movement poses a threat to not only the accumulated power of the governing class but their livelihoods, thus the concerted effort to marginalize them by any vile or preposterous means possible.

The United States finds itself in a circumstance once thought unthinkable. An ill-educated and near morally bankrupt society increasingly made up of those dependent on government combined with a governing class whose primary interest is themselves. The nation cannot, therefore, make any meaningful course correction unless and until the people finally understand they have been lied to and conned by the current establishment. That will, in all likelihood, not occur until America faces imminent collapse and the citizenry turns on those who brought the nation to its knees.



Read more: [link to www.americanthinker.com]


this is the end paragraphs of a much longer article titled "The Governing Class and the Decline of America." there is nothing in this article that i can argue with. there many here who don't vote because they believe that both parties are the same.

i say there is a difference, but the difference is just personality and not outcome. i hate the people who come here and destroy this nation with their votes, but it occurs to me that those who vote for themselves do so at the behest of those who govern?