Sustaining the Unsustainable

The advantage of living strictly on cash is that there’s no debt. Ever. If you can’t afford it, you can’t have it.

The disadvantage of living strictly on cash is that there’s no debt. Ever. If you can’t afford it, you can’t have it.

Living strictly on credit has advantages and disadvantages, too. The advantage is that you can believe, for a while, that you can have anything you want any time you want it. The disadvantage is that those aren’t chickens coming home to roost, they’re vultures. And they’ve come to roost on you.

It’s hardly a big blinding revelation that this whole country has been living strictly on credit for a very long time. The vultures started circling a few years ago, and the government beat them away from the biggest, most deserving roosts with infusions of metric craploads of new debt. Yeah, that’ll help.

Washington has created nearly every societal problem we face today. They wish to solve the problems by creating new programs and laws that will create new problems. And on it goes. Washington has created unsustainable economic climates and markets. The “blowback,” or unintended consequences of their regulation, is the change they cannot control. They appear to believe that more interference will fix the blowback of their former interference.

Amidst that effort, they wish to sustain the unsustainable. Said another way, they want to re-inflate the bubbles.

About Joel

You shouldn't ask these questions of a paranoid recluse, you know.
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To the stake with the heretic!