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Wednesday, January 24, 2018

Sen. Rand Paul: The debt and the decline of empire

I ran into a couple of GOP senators the other day. They were talking about the fall of the Roman Empire (who knew senators might actually discuss history?). One senator made the point that Rome’s fall corresponded with a loss of values, which of course has some merit. But that’s missing the bigger picture. I responded that perhaps their decline had something to do with being overextended militarily, knowing that they would likely reject this point since it might imply that the United States, also, might be faced with the same future.

History certainly has lessons, but it’s amazing that after 2,000 years we still draw different conclusions. I couldn’t resist to jab them a little: “You know our own decline will ultimately come when we can’t manage our debt.”

This one I think some senators do get, at least on some level. But they can’t push past their own parochialism or pet issues and causes to see that everything must be on the table in order to prevent our economy from being crushed under our massive debt burden.

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6 comments:

  1. We don't have a debt problem.
    We have a currency problem.

    Because the government spends money it doesn't have, the privately owned Federal Reserve Bank is able to print money from thin air. This inflates the money supply and leads to an inflation in prices of assets.

    We will collapse because of inflation.

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  2. Inevitable and the powers to be know it and have been preparing for awhile

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  3. Govt CAN pay off the 20 Trillion today ....they LIE to us !

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  4. More than enough TAXES are taken in to pay it off dozens of
    times.......FACT !!! There is Only Govt Surplus !!!!

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  5. I used to like Mr. Paul but I have noticed recently that he votes against certain things that I like. Maybe I need to look at him more closely.

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  6. I too have noticed a change. Can't pinpoint it. It happened after he was attacked by his neighbor. More mellow

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