The latest example of political hyperbole is that the U.S. Treasury is ready to default on its debt. An actual examination of the underlying facts is that the relative purchasing value of the currency has long ago swindled debt holder in U.S. Bonds of their promised returns. A default defined under this definition is part of the equation. Repudiation of the entire debt obligation is the real fear. Contrary to all the public scare tactics that the financial world will stop turning, the Federal Treasury has ample revenue to pay the interests on bonds and notes that come due. The essential issue is whether the new bond lenders are willing to roll over the debt that is coming due and keep the shell game going.
Few words stir up passion and polarization like sustainability. The EPA offers up this description. “The traditional definition of sustainability calls for policies and strategies that meet society’s present needs without compromising the ability of future generations to meet their own needs.” Gee, who could disagree with such touchy and feely sentiments? The answer is always in the details and when you strip away the platitudes, what remains is a coordinated plot to enslave humanity under a burden of a Carbon Tax scheme. The environment has more risk from globalist central planning than from any fossil fuel emissions. Proponents of the global warming religion demonstrate a disdain for rational thinking that challenges their doctrine of a heterodox belief. The sustainability cult ignores any evidence that conflicts with their political agenda.
One way to look at the artificial conflict over the debt ceiling theater is in terms of Gypsy Rose Lee doing the striptease fan dance. The beltway burlesque script is designed never to solve real problems. Give the public a glimmer of desire by way of a glimpse of fantasy. The dream of financial sanity and government responsibility is as remote as integrity from the political class. At the core of the two-step is a fundamental dishonesty about changing much less reforming the way business is conducted in the age of totalitarian collectivism. Now, this is entertainment if the dire consequences were not so profound.
Numerous critics condemn the insidious nature of Agenda 21. Usually the arguments are based upon the intrusion of the United Nations to mismanage the planet and reduce people to a sinister petri dish experiment. Their reach and methods used by this octopus that is strangling the globe, include specific actions that force their agenda down the throats of government entities. The recent passage of Article X in New York State illustrates a direct assault on the treasured principle of Home Rule. Connecting the dots and tying the links together forecast a grim reality that is ready to explode into a vicious turf fight.
BATR Publisher’s Note: The tenth anniversary of this editorial about July 4th Independence Day rings even louder today. SARTRE Commentary maintains a consistent and vocal message that is timeless. When you read the essay – Independence Day for Whom? – You celebrate the uniqueness of the American Revolution. Written before the September 11, 2001 transmutation of the country into a despotic police state, the excuse of a fake homeland security threat is used to destroy the foundation of individual civil liberties. The indisputable fact of the last decade is that America is no longer a nation of free citizens and a Republic government of public servants, accountable to the people. The injustice of the British Crown has only been substituted for the iniquities of the Amerika Empire. Reflect upon this editorial and pass it on.