Will there ever really be a remedy to the run away spending that we are seeing today.
In the past we had a slow incremental growth of entitlement spending. The tricky thing with entitlement spending is that it grew, and fought attempts to clear it. Once something is a property right it becomes very tricky to remove. The takings clause of the constitution makes that so. A hearing and just compensation for what is being taken away by the government.
Entitlement spending is basically a one way trip to national bankruptcy.
What we have been seeing looks a little different. There is no entitlement to bailouts, the companies being bailed out are important sectors of the economy to be sure. If the companies went under others would take their place as leaner and meaner companies without the debt and entanglements of their predecessors.
Bankrupting the company to prop up failing businesses doesn't even make that much sense if you are effectively buying the businesses for the government. With the debt load and entanglements the companies currently bear, there is no way those companies can become solvent.
What is the real endgame here? What would be gained by literally bankrupting the US. I don't see Socialism successfully rising to fill the vacuum when socialist/marxist policies would have been largely the cause of the collapse.
Is it that the democrat machine isn't thinking far enough ahead? Is it some goofy utopian plan? Do they believe that once the government collapses that Marxism will rise to the top?
None of this really makes all that much sense.
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