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Date Posted: 08:55:56 06/26/21 Sat
Author: Mark
Subject: Re: An article I think you guys will find interesting
In reply to: Jason 's message, "Re: An article I think you guys will find interesting" on 00:04:56 06/26/21 Sat

The worst thing that could be done in the name of fiscal responsibility would be to fail to raise the debt ceiling and trigger a national default and global depression. Not raising the debt ceiling would not be the equivalent of deciding not to buy a mansion you can't afford....but deciding you weren't gonna pay the mortgage on the mansion you can't afford after you bought it.

Your description of the spiral of public assistance culture isn't entirely wrong, but I think it's playing every bit as thoroughly in Middle American Trump-voting communities now as it did in the urban core a generation ago. The fatherless boys in crumbling rural trailer park towns are probably less likely to be street gang members but more likely to be meth and opiod users, but ultimately it's the same trajectory. In both cases, the collapse of the manufacturing economies in downscale urban and rural communities ensured this outcome. If copious amounts of public assistance was not infused into communities to counter the hollowing out of equity that came from employment loss and/or wage cuts, conditions would be even worse than they are now. I won't deny that dependency culture hasn't had an ill effect of its own, but if the Mitt Romneys of the world had shut down factories in these towns and no resources had emerged to replace them, which would have been the case, it's pretty hard to deny everybody would be in much worse shape.

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