History in the Making

The lawmakers in the U.S. House now have the attention of the nation and the world, as they have scaled back the government.  We call it the "shut down."  Now the government spending is bumping up on the debt ceiling, and something has to be done.

This is a Hobson's choice.  If they raise the debt ceiling, we go further into debt.  We continue to add to the future troubles.  If they don't raise the ceiling, then they set in motion the financial catastrophe that has been building since the Reagan years.  There is no good way out of this.  They tell us that this is complicated.  In the details, it is.  In principle, it is as simple as a piggy bank.

Government is a monster that needs to be fed money.  It consumes money faster than we can earn it and mail it in.  It grows every year by design.  Some have grown tired of feeding the monster, wishing that it would be satisfied.

The next step may make history.