The Coming Collapse of America ⋆ Politicrossing
Connect with us

Business

The Coming Collapse of America

“Get it out of your mind that economic and political collapse can’t happen in this country”

Published

on

In 1992, I read Bankruptcy 1995: The Coming Collapse of America and How To Stop It, by a captain of industry, Harry E. Figgie, published by Little Brown and Company. Now, 29 years later, as our national debt is soon to reach $30 trillion, we should re-consider many of Figgie’s observations. Here are the notes and excerpts that I extracted from the book:

Bankruptcy Looms

Harry Figgie, here and for all that follows: Within two to four years, the United States, for all practical purposes, will have spent itself into bankruptcy. Interest on the national debt will become the largest item on the federal budget, and the government will have to spend more to make its interest payments than it will collect in taxes.

The federal government’s deficit, will soon be an amount un-repayable or controllable.

Trending on PolitiCrossing.com: Martha’s Vineyard Hypocrisy

Suppose you earn $50,000 annually, and you are in debt for $450,000. “Are you broke at that point? Technically, no, but you sure have a serious problem, and so do your creditors, since you won’t be able to make your payments.” Soon, the U.S. won’t even be able to afford the annual interest payment on this debt.

Spending cuts that Are Obvious

The Grace Commission report outlined how the government could cut its spending by $424 billion a year between 1984 and 1987, however, the report was ignored.

Most of the recommendations were painfully obvious. One proposal called for closing a western army base that had been built in the 1800s for use as an outpost in the Indian wars. Another base in Virginia was so antiquated it had a moat around it but the state’s junior senator insisted that it “would not be closed on his watch.” It wasn’t.

Year after year, Congress and the Administration present a budget to the American public that shows the deficit being reduced by several million dollars, while the actual deficit at year’s end comes out much higher. Meanwhile, everyone manages or pretends to remain ignorant of our impending physical collapse.

Unable to Meet IMF Standards

Only one important difference separates the U.S. and many Eastern European and South American countries that we think of as being poor or economically distressed. These countries receive aid from the International Monetary Fund (IMF) and the U.S., ignoring reality, pretends that it is still rich enough to contribute money to the fund.

Countries receiving IMF aid must conform to spending controls. If the U.S. abided by these rules, it would literally be out of business. We do not qualify for an IMF loan.

When the Federal Reserve begins to buy substantial amounts of the governments debt, large private investors become overly concerned with inflation, interest rates begin to rise, and the process builds on itself. To protect yourself, watch for stories about bankers and economists fretting about the expanding money supply.

Decline in the Standard of Living

Some people believe that the debt hasn’t caused their standard of living to suffer, but there has been an actual fall in real family income, the percentage of Americans who own homes, and other vital indicators.

Moreover, personal bankruptcy is nearly triple what it was in the 1960s and 1970s, the cost of higher education exceeds the means of most families, a higher proportion of families require two parents bringing in income, and the age at which first homes are purchased is rising.

The solution involves unrelenting pressure on Congress. Call, write, visit. Be assertive but courteous. Convey your concerns clearly and forcefully. Demand that your elected leaders and officials be accountable to you.

The End of Modest Measures

The time for modest measures has passed. We are in an emergency situation.

The author admonishes: “Get it out of your mind that economic and political collapse can’t happen in this country, or that we can deal with it once it happens.”

Harry Figgie concludes: We must either take control, or suffer the consequences of losing control entirely.

– – – – –

 

We'd love to hear your thoughts about this article. Please take a minute to share them in the comment section by clicking here. Or carry the conversation over on your favorite social network by clicking one of the share buttons below.


Jeff Davidson is the world's only holder of the title "The Work-Life Balance Expert®" as awarded by the U.S. Patent and Trademark Office. He is the premier thought leader on work-life balance, integration, and harmony. Jeff speaks to organizations that seek to enhance their overall productivity by improving the effectiveness of their people. He is the author of Breathing Space, Simpler Living, Dial it Down, and Everyday Project Management. Visit www.BreathingSpace.com for more information on Jeff's keynote speeches and seminars, including: Managing the Pace with Grace® * Achieving Work-Life Balance™ * Managing Information and Communication Overload®



  • This field is for validation purposes and should be left unchanged.
 
 
 

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.



Business

America Needs a Reboot

Published

on

There is a sign outside of Needville Feed that reads: “Has anyone tried unplugging the United States and plugging it back in?” Let the painful laughter ensue! It’s confession time. How many times have you been unable to figure things out on your computer and just decided to start over by rebooting in hopes of a new beginning. Sure, no one wants to lose the current good work, so you save what you can and hope for the best.

But America does need a reboot? Something is not right with America today. Some are working to get the 34 states needed to convene a National Constitutional Convention. Others are clamoring for term limits for all politicians. Unfortunately, every radical answer unleashes radical fears that such plans could create more problems than viable solutions. We seem stuck in stupid!

They want clean energy with wind and solar while they work to shut down natural gas and nuclear energy, two clean energy sources. Due to our clean energy efforts, our coal and oil resources are cleanest in the world. But they want to buy oil from questionable countries while limiting production here. Does it make sense to move from energy independence to energy dependence before we have proven clean energy alternatives that can supply the energy we need? Of course not! We’re stuck on stupid. Time to reboot expanded energy options to reclaim energy independence!

Trending on PolitiCrossing.com: Martha’s Vineyard Hypocrisy

How can you have true freedom of speech and not occasionally offend someone along the way? The answer to hateful or offensive speech, is more speech and thicker skin. People throw around the term “snowflakes” for people who want freedom for themselves but can’t handle that freedom for those who would attack their own views. Freedom is messy. Freedom is loud. Let people say what they want and experience the consequences for their comments. If you offend enough people, don’t expect to win many votes or popularity polls! It’s time to reboot freedom of speech for all!

I always thought that government was established to protect their citizens from enemies and from criminals. Why are people buying guns? Citizens want weapons to protect themselves. They are seeing far too many criminals let go without being prosecuted or punished. Government wants to take guns away from citizens, and everyone knows that criminals will keep theirs! In America today, crime seems to pay pretty well for the growing number of flash mobs, carjackers, and rioters taking what they want! Few big city DAs are doing their jobs. If you riot in the streets, rob small businesses, and attack bystanders, you should go to jail and serve time! We’re stuck on stupid! It’s time to unplug and reboot America’s law and order program!

Immigration has made America a better country, a melting pot of people who value freedom and the opportunity to earn their own dream. But people playing by the rules to immigrate to America keep waiting and never get the welcome illegal aliens receive by just crashing our Southern borders. By not having a secure border, we are advertising for more illegals to come. The Biden administration will provide transportation, let you have benefits, and work to get you housing and an eventual path to citizenship. Why immigrate legally, when doing so illegally works so well? Time to reboot. Time to finish the wall and secure our Southern border!

Martin Luther King, Jr. paid the price and rallied the country around a dream that one’s character would mean more than the color of a one’s skin. And yet today, calls for racism are encouraged. To many, you’re celebrated for saying that all whites are racist. Many blacks call for special reparations for the racism of a distant past. There is one sure result of such calls for special racial treatment-renewed racism! Reverend King would have surely affirmed that “All God’s children matter!” Under democratic leadership, America is backsliding into more racial animus. It’s time for a reboot. It’s time to reaffirm that “All men are created equal” is a value and a promise worth fighting for.

Personal responsibility for one’s choices is a critical American value. If you commit a crime, you do the time. You borrow money for something you want, you pay your debt. President Biden executive order to “forgive” student debt is not “free.” That debt isn’t “canceled;” it’s transferred to every tax-paying American. Many of those taxpayers have already worked and sacrificed to pay off their own student debt. This is not only stupid; it is an assault on basic fairness and a blatant attempt to buy votes. Reboot required! Reinstall personal responsibility programming!

In a recent interview on Jesse Watters’ Fox News show, Victor Davis Hanson of the Hoover Institution confronted the extreme actions of the left in transforming America. They are attacking and overthrowing America’s time-tested values.

To Hanson, the left is governing exactly the way they accuse the right of acting: “I mean, nobody on the right said let’s junk the 233-year-old Electoral College; [the] 180-year-old filibuster; the 150-year-old, nine-person Supreme Court. Nobody [on the right] said let’s bring in two more states and end the idea for 60 years of a 50-state union.”

It’s only left that has no problem stalling protection for right-leaning Supreme Court Justices facing demonstrations outside their homes. It’s the left that wants to radically federalize the voting laws to ensure that 70 percent of the votes would not be cast on Election Day. It’s the left that has radically weaponized the IRS with excessive increases in personnel and funding. The left calls January 6th an insurrection, but as Hanson notes: “Remember in 2021 when they had barbed wire and 30,000 troops in Washington, D.C. in the greatest weaponization since the Civil War?” Do you remember?

When Fascism comes to America, it will be wrapped in government entitlement programs that take from your neighbor to give you the things you ought to be forced to earn for yourself. It’s time to unplug this radical administration before it is too late. In November, it’s time to reboot by booting out the politicians who have played so loosely with America’s time-tested recipe for freedom and opportunity. It’s time to send the left home!

Continue Reading

Business

Redirect Yourself to Be More Productive

At any moment you have the opportunity to make a choice

Published

on

When you feel as if you’re not being as productive as you could be, or that you have strayed from your desired path, ask yourself: “What is the most effective use of my time?”

Suppose you face a variety of unrelated tasks, and what day does that not happen? Or, you face a variety of related tasks on the same project. Asking yourself what is the most effective use of my time invariably helps direct you to that task, which at present, merits your attention.

What Is the Most Effective Use of My Time

At any given moment you have the opportunity to make a choice, even if a task or project has been going well, you have the opportunity to make the choice as to how to use your time starting at that moment.

Trending on PolitiCrossing.com: Martha’s Vineyard Hypocrisy

Generally, speaking, when the self-directed question arises, it’s an indication that you’re facing some sort of quandary, and probably need to redirect your efforts. So ask yourself the question anytime you feel the need.

Will It Be Any Easier Later?

When faced with a situation I would prefer to put off, I ask myself another type of question: “Will it be any easier later?” If the task will be easier later, then I have rational justification for not proceeding on that particular task.

For example, if I have to organize all the receipts related to a certain project that will be in progress for another week, I can readily put off this task for another week. Then, with all the receipts collected, I can organize them accordingly, knowing I can do the job until its ultimate completion.

If the task won’t be any easier later, then it largely makes sense to proceed now, particularly if it might be more difficult later. Preparing for a speech, an interview, or a test or exam several days beforehand is a wiser approach to studying rather than cramming the night before.

– – – – –

 

 

Continue Reading

 

Our Newsletter

Become a Politicrossing insider: Sign up for our free email newsletter, and we'll make sure to keep you in the loop.

Sites We Like

Our Newsletter

Become a PolitiCrossing insider: Sign up for our free email newsletter, and we'll make sure to keep you in the loop.

Trending