“And now they end up in a place where everybody is going to get a haircut — the bond holders, the retirees and the citizens. The question is, you know at large — the story of the United States which dominated the world economically, created all of these programs, entitlements, Social Security, Medicare, and now added on Obamacare, living on the glories of the past where we were the most dominant, without any rivals in the world, and now having to adapt to a reduced economy — are we going to be able to have commensurate cuts? And when you see all of the resistance to anything of that sort by especially Democrats and liberals, it doesn’t give it a lot of hope. In the end, you can have a bankruptcy for a city, but not for a country.”
Now we have to become less of an awesome country, so that we can be the best again. Because that’s how that works. What we need to do is take everything that made us great once, decide arbitrarily that we “can’t afford” it anymore, and set it on fire in front of a Starbucks.
Apparently banksters and hedge fund managers and other “job creators” don’t need to adapt to this new, reduced economy, by the way. They can go on dodging taxes and putting the whole economy on black at the roulette wheel, and it’ll all be fine if we can just convince the public to fuck over the teachers and public works guys one more damn time.