Ed, is the Real Zero Hour when we hit the wall on debt? And then the creditors step in and tell us how to spend? AKA 1933 all over again?
We are currently spending 15% of government revenue on interest alone. More than we spend in total on education. Yet no one in government seems the least bit concerned. I guess when the creditors come in and start dictating terms, our government can call them Goldstein, and have their daily Two Minutes of Hate.
Yes. we can think of 1949 as Hour Zero but really, that was 1933/34. So yeah. When I referred to coming up on Hour Zero again, I meant we are coming up to the crunch from the bad side.
Ed, is the Real Zero Hour when we hit the wall on debt? And then the creditors step in and tell us how to spend? AKA 1933 all over again?
We are currently spending 15% of government revenue on interest alone. More than we spend in total on education. Yet no one in government seems the least bit concerned. I guess when the creditors come in and start dictating terms, our government can call them Goldstein, and have their daily Two Minutes of Hate.
Yes. we can think of 1949 as Hour Zero but really, that was 1933/34. So yeah. When I referred to coming up on Hour Zero again, I meant we are coming up to the crunch from the bad side.
No thought required! Victimhood is an easy sell - that and a ‘savior’ from our own feckless choices.