Alan Greenspan said that we can pay off our nation's debts because the FED can simply print more money. This only proves once again that those who do not know history are doomed to relive it. The Continental Congress tried that back in 1778, running the presses night and day until the money was worthless. The popular phrase of the day was “not worth a Continental.”
Of course, that's one way to pay off a debt, just devalue the money until it takes a million dollars to have breakfast. Paying off the National Debt is easy when a Trillion Dollars is what you have in your pocket on any given afternoon.
I have a sneaking suspicion that someone is making a fortune off of the lowering of the U.S. Credit Rating. But then, I have a stable datum that whatever happens, someone is making a ton of money from it. I believe it is all controlled and manipulated. Does that make me paranoid or a realist?
One of these days, it will all come out. Documents will be discovered or someone will write a book, and the whole conspiracy, with names named, will be revealed to the public. Of course, only a handful of historians will know what it is referring to and all the players will be long dead. I will be vindicated, but I will be long dead as well. That is what “they” are counting on: that no one will notice until it's too late, and then no one will care. It's the not caring in the first place that is allowing it to happen.
With 87% of people polled disapproving of the job Congress and the President are doing, I would expect an overwhelming wave of loud dissent. Yet, there is only a whimper as we roll over and play dead, hoping ravenous debt will not devour us. It will devour us anyway, whimper nor no.
Perhaps the dissent will be heard in November of 2012. Perhaps 2013 will see a new batch of people running things, a batch that will care about this country and its people. If that doesn't happen, we won't just be in trouble, we will have been in trouble for a long time and will then be lost.
When asked what kind of government he had given the new country, Benjamin Franklin said, “A Republic; if you can keep it.” He knew that it was possible to lose the USA. We must know it.