Continuing Down The Path To Insolvency.

When I wrote America In Decline two years ago I described in some detail the reasons for America's fall from grace over the past 70 or so years. During the 24 short months since its publication we have continued down the path of self destruction, seemingly having learned nothing our past flirtation with runaway socialism. As most of you know, our national debt now exceeds $ 18 trillion and is increasing at a rate $500 billion each and every day. I maintain that no living person, not even Einstein if he were still alive, would have the mental capacity to comprehend the magnitude of a figure this large; however, here are some recent statistics that we all can understand, the implications of which, I think you will agree, are extremely worrisome. As George Will recently pointed out, social welfare programs absorbed 24 percent of the federal budget in 1963, the year when our national monetary policy really began to unravel; such programs now exceed 60 percent of our inflated federal budget. In fact, anti-poverty expenditures are now double those of social security. Can you see where this is inevitably heading? Still not convinced? The Great Society's (a colossal misnomer if there ever was one) 50 year "War on Poverty" to date has cost $22 trillion, most of it barrowed. During this half century of fiscal and social insanity our population grew by 69 percent while the numbers of those on food stamps increased by 168 percent. At this point, 60 percent of the population are on some form of food assistance and our leaders think nothing of it! But I harp too much on the enormity of national resources squandered on the governmental policies of Johnson and the liberal idiots who followed him. The real cost to our nation is not the in monies that have been wasted on the re-distributive programs promoted by those who stay in power by periodically buying the votes of the illiterate low IQ masses. Rather, I would argue, it is the very destruction of our social fabric that is the most worrisome aspect of the failed fiscal policies of our political leaders, both democrat and republican. The self-serving political mandates of our criminally inclined politicians have literally brought our country to its knees! When all is said and done, we are left with cycles of increasing multi-generational dependency, illiteracy, increasing illegitimacy (7 percent then, 41 percent now) and a staggering increase in criminality, especially in minority communities of blacks and Chicanos. Finally, and perhaps the most galling statistic of all, is the issue of income inequality which is many times worse now than it was when the country was led by fiscally responsible public servants and our laws and mandates were based on sound moral and religious principles that have evolved over the eons that man has walked the face of the earth. Yes, we are now fiscally insolvent, more importantly we are morally bankrupt!