Most people in the US believe that our national debt is a result of government waste and that the only way to get a handle on the debt is to cut spending on social services. According to this article, the only problem with that story is it isn’t true. The real problem according to this article is that our entire economic structure has morphed into speculative transactions that are now over seven times our actual GDP. Financial elites have invented a make believe world where they gamble, and whether they win or lose, we pay. Add the cost of wars (from which many of them also profit) and tax cuts for the wealthy and you have a recipe for disaster. Meanwhile we are cutting spending on the very things that might give us hope- like education. As long as most people believe that an invisible hand is steering the market, they will not suspect that the cards are marked and the game is rigged.
This post is just too incredibly silly to spend a lot of time on, but the following particularly boneheaded assertion stuck out: “Meanwhile we are cutting spending on the very things that might give us hope- like education.”
If only that were so, and we were getting so-called “education” spending under control! In fact, per-pupil spending in our corrupt godless government-run schools has far outstripped the rate of inflation for decades, and has reached truly absurd heights that are not about to be “cut” absent wholesale reform.
j.a.m.
I’m happy to respond, but I will need you to add at least a little content to your comments. I’m only seeing insults here with no substance. You started to make a rational point about education. Maybe you could start there.
Jim