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Thread: The End is Near...Awesome

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  1. The End is Near...Awesome 
    #1
    cam
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    Well the title of the new book is "The End is Near and it is Going to be Awesome" and it is generating some buzz and I'm gonna get a copy and read it...but this isn't a book review. Instead here's a recent excerpt from the author about what lies ahead for this country which is pretty devastating & which I found interesting:

    "The total fiscal overhang of our federal, state, and local governments — their combined debt and unfunded liabilities — is around $140 trillion, and growing. That is about twice the annual economic output of human civilization, and nearly the value of all the financial assets in the world. It is something close to a mathematical certainty that those debts and obligations will not be made good on at their present value.
    The real debate for the next 30 years is not how we go about paying our bills, but how we go about not paying them. What is most likely is a much smaller and more modest government, something closer to what Robert Nozick called the “nightwatchman state.” The reason for that is the fact that we have good substitutes for Social Security and the Department of Education but not for the army or the courts.

    This all sounds painful and disruptive, and it surely will be, though exactly how painful and how disruptive will be in part a question of luck and in part a matter of how prudently and intelligently our policymakers proceed while we get from where we are to an economically sane position.Difficult, yes. But it is also going to be great. There is cause for short-term pessimism, but there also is cause for long-term optimism.Despite the best efforts of Washington (and Albany, Sacramento, Austin, etc.) the United States is a very, very rich country. Fantastically rich. Absurdly rich. We have a great deal of wealth, extraordinarily productive and creative people and stable institutions.

    Our key economic failings are in education, health care and retirements — three sectors dominated by political rather than economic action: the K-12 monopoly model of education, Social Security and other retirement entitlements and a hodge-podge of medical programs which meant that even before the enactment of ObamaCare about half of all health-care spending was government spending, a fact that Republicans foolishly ignored when they protested that we had “the best health-care system in the world.” (Note to Republicans: We have great medicine and medical technology; we have a terrible system of paying for health care, and it was terrible before ObamaCare, too.)


    Here's a link to the rest of the article and a you tube audio piece by the author on the same subject.
    Ed Driscoll » Interview: Kevin D. Williamson of NRO Explains Why The End is Near, And It’s Going To Be Awesome


    I don't know about you...but my reaction is...
    1. It does sound like the end of the world.
    2. It does not sound awesome.
    3. Equally likely is anarchy or tyranny if it happens.

    I'm interested in exactly why he believes stuff like this will turn out to be awesome vs. awful, but I do think it is useful to think about "what comes after" and what to do about it as a society and personally as simply predicting doom doesn't appear to do much given the November results!
     
    Cam
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  2. #2
    Gold Member Smartmouthwoman's Avatar
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    I dunno, Cam. I might buy his doomsday prediction because it's backed by numbers... but this is a bunch of malarkey.

    Our key economic failings are in education, health care and retirements — three sectors dominated by political rather than economic action: the K-12 monopoly model of education, Social Security and other retirement entitlements and a hodge-podge of medical programs which meant that even before the enactment of ObamaCare about half of all health-care spending was government spending, a fact that Republicans foolishly ignored when they protested that we had “the best health-care system in the world.” (Note to Republicans: We have great medicine and medical technology; we have a terrible system of paying for health care, and it was terrible before ObamaCare, too.)
    Found a comment on your link that pretty much sums up how I feel:

    Ritchie The Riveter

    They can only do it because too many of us have sat back and let them do it ... being led to believe that only from THEIR ranks can the Great Leaders come to solve our problems FOR us.

    Millions of us have been fooling ourselves, for decades, that we CAN'T get ahead by our own initiative, so we outsource that effort to these elites ... and make ourselves highly vulnerable, with little or no ability to work around the consequences of their efforts ... as we go swill our $tarbuck$ and chase that new iThingy and expect our elites in business, academia, and especially government to secure our future - FOR us.

    You may be right ... it may take total collapse to finally resolve this problem ... but the problem is as much in our own minds, as it is in the minds of the oligarchs and the politicians.
    Maybe the awesomeness will happen when we wake up and realize WE are the govt, not politicians, and vote the whole bunch out.

    I've got my fingers crossed!!
     
     

  3. #3
    Debate Guru Rapunzel's Avatar
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    See my sig....
     
    When, then, does plunder stop? It stops when it becomes more painful and more dangerous than labor.-Frédéric Bastiat
     
     

  4. #4
    cam
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    Yeah...I'm there with both you guys. I'm fond of saying "what cannot continue...won't. "

    I'm thinking that I'm probably better off preparing for myself and my family to be self sufficient in most ways because I think it will be too late when the "plunder stops". Counting on anything from the gov't is probably bad planning at this point...despite what will have been wasted on SS &n Medicare taxes.
    I think the "night watchman" type of government mentioned is the best outcome to hope for since providing for personal security in anarchy is probably impossible for most of us over the long haul.

    I've been in a place where a natural disaster eliminated all government and law enforcement ability to intervene for a time. In 24 hours it was survival of the fittest at least in terms of property and personal posessions/food/water etc. ... so...been there, done that...never want to do it again.
    Then of course...what the author says is true... We have incredible riches and resources. In a collapse...power fills a vacuum and our creditors in the Far East and others might be looking for payback in ways other than green pieces of worthless paper.
    So...keeping a skeleton government solely concerned with administering justice domestically...and holding off the vultures internationally may be the best thing we can hope for.

    This doesn't mean giving up on the CHANCE of saving the country. If we (Republicans/Conservatives/Libertarians) can get a majority in the Senate and hold the House in 2014, and then elect someone who will champion strict fiscal discipline in 2016 ... we might have a bit of pain but we CAN gradually dig our way out of the hole. But after Novembers results...I wonder if the clock has to stop ticking before the country will admit that time has run out.
    Cam
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    I won't insult your intelligence by suggesting that you really believe what you just said.
     
     

  5. #5
    Regular Debater truthbtold's Avatar
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    The way of life will end for sure for Americans, no doubt about that. But its planned like this for some time. If you want a glimps of what it will be similar to, just look at China.
     
     

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