Kick the Can

"Kicking the can down the road" is a way to describe the accumulation of risk. Both parties say we need to stop kicking the can, but we will play this game anyway to avoid an immediate consumption of the risk.

As discussed in the previous article, there is a disconnection between risk producers and consumers. The people that are supposed to be creating jobs, with incentive provided by the Bush tax cuts and consolidation of the financial sector, predictably produce more risk than jobs. The result, predictably, is a precipitous decline of tax revenue as the need to spend rises. Thus, the Bush tax cuts and financial consolidation have produced a huge deficit and a massive public debt that threatens to deflate our economy into another Great Depression. Save the upper-income class, deflationary risk tends to consume everyone's wealth by design.

Keep in mind that the promise of tax cuts for the rich and financial consolidation was supposed to be the path to prosperity, but it was, predictably, the road to ruin. If we do not at least let the tax cuts expire, which should have already expired, financial analysts have put our debt on watch.

With a full-blown depression looming large, Republican-party strategists have realized that the risk cannot be consumed in the proportion in which it is currently being gamed. Frankly, we need to just say it...this is the result of arrogant, elitist stupidity. The people that claim we are all better off with our fate in their hands are completely disconnected with the realpolitique "We the People" know as the general welfare.

Our currency says, "In God We Trust." This means that "We the People" will take the natural course of action to check the unempirical arrogance of the powerful who think they can exact detriment--cause harm (like debasing the value of our currency)--without liability, and arrogantly try to make us believe that if we do not let them harm us, we will suffer even more. "We" all know this philosophy of risk is completely disconnected from reality and "We" can most assuredly "Trust" it will be corrected. The right thing to do (moral value) is always there--it is categorical, but "We" choose what is imperative by being directly connected to the structure of power, not disconnected from it as the elite would have it.

(Remember that upon default your assets become collateral for much-needed debt. Equity is turned into debt--your net worth is liquidated and borrowed back from the rich at the highest possible rate of interest.)

Elite, conservative philosophy is not the path to prosperity. We can go with what we know we can trust, or kick the can down the road to ruin.