The US and its citizens are addicted to debt much as a drug addict
is hooked on heroin. Unless the US achieves rehabilitation, this
failing alone will ensure that the USA will continue to decline
relative to many other countries. Liberals are now firmly in
control in the USA. In this political climate, there is no
indication that our debt will not continue to increase
dramatically. The modus operandi is to give a short term fix to all
problems by dramatically increasing debt. The present financial
crisis, itself caused by excessive debt is being fixed by even more
debt. The burden for the few who pay taxes will become increasingly
onerous and increasingly unacceptable for future generations. The
best and the brightest will turn away from the USA, increasing the
US relative rate of decline. Much that has been achieved in the USA
since the end of the Second World War has been achieved by people
not born in the USA. In future, the USA increasingly will not be
the destination of choice for people with the most to offer.
Instead it is the destination for illegal immigrants at the other
end of the social scale.
The USA is considered ugly by the rest of the world because it
makes no effort to control its gluttony. In the USA, 25% of the
world's energy is consumed by 5% of the world population. The USA
also leads the world in obesity and in debt. The USA does not pay
for its insatiable consumption. Despite its great opportunities,
the USA has a high percentage of free loaders who pay little or no
income taxes. They have become home owners through debt that they
have not worked and saved to afford, through policies of US Liberal
government. The ensuing tsunami is now engulfing the lessfortunate
people throughout the world, who are genuinely poor and are now
having to suffer the consequences of our worthless paper debt
instruments, while the USA takes on huge new debt to continue to
feed its addiction instead of facing up to the reality of living
within its means.
General
Imprint: |
Iuniverse, Inc.
|
Country of origin: |
United States |
Release date: |
December 2008 |
First published: |
December 2008 |
Authors: |
David J. Phillips
|
Dimensions: |
229 x 152 x 21mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
396 |
ISBN-13: |
978-1-4401-0895-2 |
Categories: |
Books >
Social sciences >
Politics & government >
General
|
LSN: |
1-4401-0895-1 |
Barcode: |
9781440108952 |
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