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Wednesday, November 12, 2014

Black Tuesday, the War Party Won

In Black Tuesday—–The War Party Won, David Stockman writes:
The robots and day traders greeted last Tuesday's Republican election sweep with another kneejerk rally because the GOP's new Capitol Hill dominance will allegedly be good for investors. Would that there were any real investors left—-but, in any event, what the election really did was populate the Imperial City with a huge new phalanx of neocons and hawks.
In a word, the War Party won. This means that the Warfare State will prosper, the budget deficit will again soar, more government shutdowns will materialize and the day of fiscal reckoning will come that much sooner.
Stockman goes on to conclude:
Yet with the War party firmly in the saddle owing to last week's election results, and the "peace President" in utter retreat and capitulation owing to the oppressive bipartisan consensus in the Imperial City on the Potomac, that is exactly what we have.
That is the ultimate irony. In a world where America has no remaining industrial state enemies capable of doing it military harm, Washington is now locked in a state of perpetual war. That ultimately bankrupted Rome. Why should this time be any different?
The Empire is falling... just like Rome. We are a bankrupt country living well beyond our means. The day of reckoning is coming sooner than most expect.