By Michael Swickard - It has been quite a year. America started 2011 in severe financial crisis with far too much governmental spending. We end the year without any real effort by our government to deal with the crisis. Most politicians refuse to even admit there is a crisis. Europeans are several years ahead in their financial crisis. They are even more intentionally ignorant of the financial calamity. We could watch them and learn from their mistakes, but we do not. Two issues: what is really happening financially in our country, and secondly, that the politicians and the media are not being truthful. There will be a time in the future when these extremely bad actions will have to be redeemed by the next generation’s taxpayers. They will pay for political influence entirely consumed by this generation. At best they will be sullen, at worse, mutinous.
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Swickard: The truth about the year 2011
By Michael Swickard - It has been quite a year. America started 2011 in severe financial crisis with far too much governmental spending. We end the year without any real effort by our government to deal with the crisis. Most politicians refuse to even admit there is a crisis. Europeans are several years ahead in their financial crisis. They are even more intentionally ignorant of the financial calamity. We could watch them and learn from their mistakes, but we do not. Two issues: what is really happening financially in our country, and secondly, that the politicians and the media are not being truthful. There will be a time in the future when these extremely bad actions will have to be redeemed by the next generation’s taxpayers. They will pay for political influence entirely consumed by this generation. At best they will be sullen, at worse, mutinous. Read commentary
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