Second Short Quiz

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johnkarls
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Joined: Fri Jun 29, 2007 8:43 pm

Second Short Quiz

Post by johnkarls »

.

1. Why did our author pick his five categories (health, education, safety, democracy and equality) for comparing the U.S. to 13 other wealthy nations?

2. Isn’t it true that America’s Permanent Under-Caste is a much more important category than any of the five chosen by him?

3. And, indeed, that America’s Permanent Under-Caste has, apparently unbeknownst to him, a devastating impact on all of the five categories he did choose?

4. Isn’t it also true that if the implications of America’s Permanent Under-Caste are not the most important issue facing America, then its federal-governmental annual deficits and accumulated debt are?

5. Can anyone (much less President Obama or Federal Reserve Chair Ben Bernancke) offer any dependable reassurance regarding the point at which federal-governmental debt will achieve junk-bond status?

6. If federal-governmental debt achieves junk-bond status, would the U.S. government be lucky to find lenders at any interest rate, much less 24% (the current share of Gross Domestic Product to which federal-governmental spending has risen from the historic norm of 20%)?

7. And if the U.S. government was forced to pay 24% interest on its debt, would that mean that expenditures for everything else (social security, Medicare, defense, etc.) would be 100% replaced by paying interest?

8. And, accordingly, the impact on the Middle Class would be cataclysmic? [NB: President Obama only focuses on the Middle Class because he believes the nation’s poor have no place else to go – for example, Obamacare did nothing for the nation’s poor who were already covered by Medicaid.]

9. Did the irresponsibility of our pols stem from the Reagan era when Republicans refused to continue being the chumps who always raised taxes in order to balance federal budgets?

10. In other words, didn’t the Reagan mantra of Starve The Beast meaning hold the line on taxes and forget about balancing budgets, herald the New Era of nobody caring about balanced budgets?

11. So if we have a perpetual tug-of-war where the primary objective of Democrats is social spending and the primary objective of Republicans is holding the line on taxes, why are our creditors so certifiably insane as to believe that America will ever balance its budgets? And that its national debt will ever be a sane investment?

12. If our author had selected Governmental Fiscal Responsibility as a category, how would the U.S. compare with the 13 other wealthy nations?

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