Serious Political Commentary for Serious Conservatives



The Independent Voice for Conservative Values
and the Conscience of the Conservative Movement
Less Government is the Best Government




 
 

“We can't have a decent government unless those in power exercise self restraint.”
-William Howard Taft, reprisal

A Debtor Nation is a Slave Nation.
(More Nails in America's Coffin)

Is America Still the Land of the Free?


-by Scott Rohter, July 2011

“Under the government, corruption can flourish just as easily as it can anywhere else!” 
-Theodore Roosevelt, reprisal


Editor's Note: In Washington we are talking about balancing the Federal Budget once again. Soon the topic of conversation will return to the perennial subject of raising the Federal Debt Ceiling. The following article was written in July of 2011 and it is just as timely today as it was then.


Listen to all of the doomsayers telling us that if we don’t raise the Federal Debt Ceiling again, that a catastrophe worse than you could ever imagine is going to happen. We are so deep into debt in America right now that the only way to get out of this hole we are in is to dig it deeper.  So we just have to borrow more money in order to get out of debt, and avoid an impending calamity. That logic is preposterous. You don't get out of a hole by digging the dirt out from under your feet. That makes about as much sense as a parachute without a drawstring. It makes about as much sense as an atheist’s explanation of the origins of the universe, i.e. that no one created everything out of nothing. So just how does this work exactly?

If we don’t raise the Debt Ceiling again and allow America to borrow more money, that is to sell more of our US Government bonds, and sink even deeper into debt, then Moodys, and Standard & Poors are both threatening to lower America’s Credit Rating from AAA to AA, which would make it more expensive for America to borrow money in the future. This means that whenever America wants to sell our Government bonds in the future that it will cost us more to do so.  I think that is what the Bible means when it says that, “The borrower is a slave to the lender.” Our country seems to be a slave right now to Moody's and Standard & Poors among others. America is indeed a debtor nation.  Are we also going to compound insult to injury by becoming a slave nation too?

We are so deep into debt right now that it hurts, and yet the big lenders who are America’s actual creditors like China, Japan, and England are still insisting that we borrow even more money from them. In other words, they want to buy even more of our U.S. Treasury notes, or they will punish us by making it even more expensive for us to sell those notes to them in the future. Why? All because they want to control out country. This is how foreign governments and international bankers are putting the screws to the United States of America. Actually maybe that isn’t the correct analogy to use. Maybe a better metaphor would be nails. This is how foreign governments and international bankers are trying to put the final nails in America’s coffin.

"The truth, the political truth, and nothing but the political truth.
A journalist has no better friend than the truth."
- Scott Rohter

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