Saturday, July 30, 2011

To Default or not to Default?

That is the question. Whether tis nobler in the congress to suffer the slings and arrows of profligate spenders who scream "the sky is falling" or to stand your ground and ensure that future generations of Americans do not have to bear the burdens of our own.

To stand, perchance to win, aye, there's the rub. For by winning, we could make a respectable start to reclaiming our nation and our freedom. For too long we have allowed unchecked power brokers in Congress to steal our freedoms incrementally through compromise. Compromise is nothing but a steady incremental loss, unless one is strong enough to own the label "uncompromising."

I should hope that the people we elect are of strong enough character to realize that a little bit of name calling is nothing compared to the incremental loss of this nation.

Is the challenge before us with the debt ceiling question really that dire? I think it is. The damage to our fiscal credibility as a nation has already been done. The analysts who watch these kinds of things have indicated that we have been given a great deal of leeway solely because the dollar serves as the world's reserve currency. If we do not show them that we have the resolve to be fiscally responsible but slashing our spending, (And don't even propose a paltry few billions in cuts over 10 years - are you serious? Clearly not.) then they will move, as has been strongly urged by more than one government, to make something else the world's reserve currency.

Think that can't happen? Have a look at the pound sterling. That was the world's reserve currency before the dollar. It can and will happen. We are not entitled to be the world's reserve currency, we have to earn it. Abuse of that status will not be tolerated any longer.

Don't listen to the talking heads or the power brokers who think things are still the way they were ten or even 5 years ago. Listen to your own common sense. We cannot spend our way out of debt and attempting to do so will lead us to ruin.
This debt ceiling debate, right now, is, in my opinion, the tipping point. No more compromise. If our legislators don't understand that cutting spending and cutting it drastically is the only acceptable resolution to this challenge then let them step down and let others with more fiscal sense, responsible attitudes and backbone take their place. This is it. If you haven't called your legislators, do it now.

Let them know that that if there are any raises to the debt ceiling or taxes there will be consequences. Find out if your state allows the recall of federal legislators. If it doesn't, call your state legislators and ask them to make some. There is no acceptable compromise on this issue if America is to remain the land of the free instead of the land that spent itself into slavery.
"To sleep, perchance to dream..." indeed, we have been sleeping too long. Let us awake and take back our nation and our Constitution...before it's too late.

"Be not thou one of them that strike hands, or of them that are sureties for debts. If thou hast nothing to pay, why should he take away thy bed from under thee?" ~ Prov 22:26-27

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