16 March 2009
At The Limit
The ship sank and you find yourself in a lifeboat full-to-overflowing. The sea is cold, but calm... good thing, because the weight of those in the boat has the gunwales perilously close to being overlapped. You pray the sea-state remains calm.
Now another passenger swims up and tries to hoist himself out of the life-sapping water. This simple act causes a near disaster... several gallons of water overflow into the boat.
So long as things don't change, you are safe. What do you do?
"The needs of the many outweigh the needs of the individual." (Didn't Mr. Spock say that when he saved the Enterprise crew from radiation exposure?)
For a while now, some economists have warned our national outgo will soon exceed our income. Entitlement programs have grown, and the number of people drawing from those funds will increase dramatically as we Baby Boomers age. We're paying a fortune to feed, educate, incarcerate, and provide health care for innumerable illegal immigrants. It's an untenable situation that politicians have ignored, postponing action until later.
Well "later" is here.
Let's assume the economists saying the U.S. was near-bankrupt two years ago were correct. What effect will come from President(?) Obama's doubling this debt load in two months? How far is the sea from overlapping the sides of our lifeboat?
Something's gotta give.
Seems to me the only questions are- how, and when.
I know how I think this will unfold and I'm buying insurance against that possibility.
I'd like to hear your prediction of how the future will unfold.