Welcome to Greece

We, as a Nation, better soon open our eyes and accept the reality that we’ve created for ourselves? We as a Nation, State, County and most of our Towns are bankrupt. We are broke and our politicians don’t have the guts to tell the people the whole truth about our economic situation. I’ve listened to elites from the federal level down to the local level talk about how to spend our stimulus money or how best to use the unspent bailout money. They talk about it as if this money is really ours. Strike that, they talk about it as if this money is really “real”. Everything being done to keep us solvent is being done by spending money we’ve borrowed from Japan, communist China, stolen from our children’s future or printed out of thin air by having our debts monetized by the Federal Reserve. This economic model does not work and we cannot expect these political elites to fix the very same problem that they themselves created.

They are our problem.

Every single level of government can no longer pay their bills with money they collect in taxes, fees, fines and surcharges. We must borrow and print money to stay solvent. This is the very definition of bankruptcy.

For decades both parties have been marketing the idea that government will give you everything you want and solve all of your problems, even if it meant they had to mortgage the financial security of future generations in order to accomplish it. Now that they realized they’ve gone to our well once too often, they’ve tapped into the well of our children and our children’s children. And that’s where we must draw the line in the sand and say enough is enough.

Like anyone who has ever worked to pay off personal debt, our Nation is going to have to drastically cut discretionary spending. There is just no other way out of this. There’ll be no way to afford any sort of safety net, safe and functioning infrastructure, education programs or security if we continue on with business as usual and foolishly spending ourselves into bankruptcy.

We’re broke and very soon we’re going to look like the nation of Greece, unless we cut our discretionary spending.