A nation of takers, fakers and blamers will not last long
“Five percent of the people think; ten percent of the people think they think; and the other eighty-five percent would rather die than think.”- Thomas Edison
The kabuki theater that passes for governance in Washington D.C. reveals
the profound level of ignorance shrouding this Empire of Debt in its prolonged
death throes. Ignorance of facts; ignorance of math; ignorance of history;
ignorance of reality; and ignorance of how ignorant we’ve become as a nation,
have set us up for an epic fall. It’s almost as if we relish wallowing in our
ignorance like a fat lazy sow in a mud hole. The lords of the manor are able to
retain their power, control and huge ill-gotten riches because the government
educated serfs are too ignorant to recognize the self-evident contradictions in
the propaganda they are inundated with by state controlled media on a daily
basis.
“Any formal attack on ignorance is bound to fail because the masses are always ready to defend their most precious possession – their ignorance.” - Hendrik Willem van Loon
The levels of ignorance are multi-dimensional and diverse, crossing all
educational, income, and professional ranks. The stench of ignorance has
settled like Chinese toxic smog over our country, as various constituents have
chosen comforting ignorance over disconcerting knowledge. The highly educated
members, who constitute the ruling class in this country, purposefully ignore
facts and truth because the retention and enhancement of their wealth and power
are dependent upon them not understanding what they clearly have the knowledge
to understand. The underclass wallow in their ignorance as their life choices,
absence of concern for marriage or parenting, lack of interest in educating
themselves, and hiding behind the cross of victimhood and blaming others for
their own failings. Everyone is born ignorant and the path to awareness and
knowledge is found in reading books. Rich and poor alike are free to read and
educate themselves. The government, union teachers, and a village are not
necessary to attain knowledge. It requires hard work and clinging to your
willful ignorance to remain stupid.
The youth of the country consume themselves in techno-narcissistic
triviality, barely looking up from their iGadgets long enough to make eye
contact with other human beings. The toxic combination of government delivered
public education, dumbed down socially engineered curriculum, taught by
uninspired intellectually average union controlled teachers, to distracted,
unmotivated, latchkey kids, has produced a generation of young people ignorant
about history, basic mathematical concepts, and the ability or interest to read
and write. They have been taught to feel rather than think critically. They
have been programmed to believe rather than question and explore. Slogans and
memes have replaced knowledge and understanding. They have been lured into
inescapable student loan debt serfdom by the very same government that is
handing them a $200 trillion entitlement bill and an economy built upon low
paying service jobs that don’t require a college education, because the most
highly educated members of society realized that outsourcing the higher paying
production jobs to slave labor factories in Asia was great for the bottom line,
their stock options and bonus pools.
Instead of being outraged and lashing out against this injustice, the
medicated, daycare reared youth passively lose themselves in the
inconsequentiality and shallowness of social media, reality TV, and the
internet, while living in their parents’ basement. They have chosen the
ignorance inflicted upon their brains by thousands of hours spent twittering,
texting, facebooking, seeking out adorable cat videos on the internet, viewing
racist rap singer imbeciles rent out sports stadiums to propose to vacuous big
breasted sluts on reality cable TV shows, and sitting zombie-like for days with
a controller in hand blowing up cities, killing whores, and murdering policemen
using their new PS4 on their 65 inch HDTV, rather than gaining a true
understanding of the world by reading Dostoevsky, Heller, and Orwell. Technology
has reduced our ability to think and increased our ignorance.
“During my eighty-seven years, I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.” - Bernard M. Baruch
The youth have one thing going for them. They are still young and can
awaken from their self-imposed stupor of ignorance. There are over 80 million
millenials between the ages of 8 and 30 years old who need to start questioning
the paradigm they are inheriting and critically examining the mendacious
actions of their elders. The future of the country is in their hands, so I hope
they put down those iGadgets and open their eyes before it is too late. We need
many more patriots like Edward Snowden and far fewer twerking sluts like Miley
Cyrus if we are to overcome the smog of apathy and ignorance blanketing our
once sentient nation.
The ignorance of youth can be chalked up to inexperience, lack of wisdom,
and immaturity. There is no excuse for the epic level of ignorance displayed by
older generations over the last thirty years. Boomers and Generation X have
charted the course of this ship of state for decades. Ship of fools is a more
fitting description, as they have stimulated the entitlement mentality that has
overwhelmed the fiscal resources of the country. Our welfare/warfare empire,
built upon a Himalayan mountain of debt, enabled by a central bank owned by
Wall Street, and perpetuated by swarms of corrupt bought off spineless
politicians, is the ultimate testament to the seemingly limitless level of
ignorance engulfing our civilization. The entitlement mindset permeates our
culture from the richest to the poorest. Mega-corporations use their undue influence
(bribes disguised as campaign contributions) to elect pliable candidates to
office, hire lobbyists to write the laws and tax regulations governing their
industries, and collude with the bankers and other titans of industry to
harvest maximum profits from the increasingly barren fields of a formerly
thriving land of milk and honey. By unleashing a torrent of unbridled greed,
ransacking the countryside, and burning down the villages, the ruling class has
planted the seeds of their own destruction.
When the underclass observes Wall Street bankers committing the crime of
the century with no consequences for their actions, they learn a lesson. When
billionaire banker/politicians like Jon Corzine can steal $1.2 billion directly
from the accounts of farmers and ranchers and continue to live a life of luxury
in one of his six mansions, they get the message. Wall Street bankers are
allowed to commit fraud, reaping profits of $25 billion, and when they are
caught red handed pay a $5 billion fine while admitting no guilt. No connected
bankers have gone to jail for crashing the worldwide financial system, but
teenage marijuana dealers are incarcerated for ten years in our corporate
prison system. The message has been received loud and clear by the unwashed
masses. Committing fraud and gaming the system is OK. Only suckers play by the
rules anymore. A culture of lawlessness, greed, fraud, deceit, swindles and
scams was fashioned by those in power. Reckless disregard for honesty,
truthfulness, fair dealing, and treating others as you would like to be
treated, has permeated the beliefs and behavior of our society.
The ever increasing number of people in the SNAP program along with abuses
committed by retailers and recipients, the skyrocketing number of people faking
their way into the SSDI program, billions of taxpayer dollars lost to Medicare
fraud, billions more lost paying out earned income tax credit refunds based on
non-existent children, public schools falsifying test scores, students cheating
on SAT tests, credit card fraud on a grand scale, failure to report income and
falsifying tax returns, and a myriad of other dodges and scams are just a
reflection of a moral and cultural collapse. The dog eat dog mentality
glorified by the media, with such despicable men as Dimon, Greenspan, Corzine,
Clinton, Trump, Rubin, Bernanke and Bloomberg honored as pillars of society,
has displaced honesty, compassion, humanity, shared sacrifice, and caring about
our descendants. Self-interest, self-indulgence, and a narcissistic focus on
what is in it for me today has led to an implosion of trust and an attitude of
“who cares” about our fellow man, morality, right or wrong, and the fate of
future generations. We ignored the warnings of our last President who displayed
courageousness and truthfulness when speaking to the American people.
“As we peer into society’s future, we — you and I, and our government — must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.” – Dwight D. Eisenhower
The Me Generation has devolved into the Me Culture. While the masses have
been mesmerized by their iGadgets, zombified by the boob tube, programmed to
consume by the Madison Avenue propaganda machines, enslaved in chains of debt
by the Wall Street plantation owners, and convinced by their fascist government
keepers that phantom terrorists are hiding behind every bush, they surrendered
their freedoms, liberties and sense of self-responsibility. There will always
be evil men seeking to control and manipulate the ignorant and oblivious. A
citizenry armed with knowledge, critical thinking skills, and moral integrity
would not passively submit to the will of a corporate fascist oligarchy. Well
educated, well informed citizens, capable of critical thinking are dangerous to
rich men of evil intent. Obedient, universally ignorant, distracted, fearful,
morally depraved slaves are what the owners of this country want. As the light
of knowledge flickers and dies, we sink into the darkness of ignorance.
“No people will tamely surrender their Liberties, nor can any be easily subdued, when knowledge is diffused and virtue is preserved. On the Contrary, when People are universally ignorant, and debauched in their Manners, they will sink under their own weight without the Aid of foreign Invaders.” – Samuel Adams
Cult of Ignorance
“There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that “my ignorance is just as good as your knowledge.” – Isaac Asimov
“While every group has certain economic interests identical with those of all groups, every group has also, as we shall see, interests antagonistic to those of all other groups. While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. It will hire the best buyable minds to devote their whole time to presenting its case. And it will finally either convince the general public that its case is sound, or so befuddle it that clear thinking on the subject becomes next to impossible.
In addition to these endless pleadings of self-interest, there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of man to see only the immediate effects of a given policy, or its effects only on a special group, and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups. It is the fallacy of overlooking secondary consequences.” – Henry Hazlitt
America’s cult of ignorance, combined with the selfish interests of various
constituencies, the character weakness of the people elected to office, a lack
of understanding or interest in basic mathematical concepts, and inability to
comprehend the long term and unintended consequences of every piece of
legislation, have brought the country to the brink of fiscal disaster. But
still, the vast majority of Americans, including the supposed intellectuals and
economic “experts”, are basking in their ignorance, as the stock market reaches
a new high, the local GM dealer just gave them a 7 year $40,000 auto loan at 0%
on that brand new Cadillac Escalade, Bank of America still hasn’t foreclosed on
their McMansion two years after making their last mortgage payment, and they
just received three pre-approved credit card notices from Capital One, American
Express and Citicorp. As long as Bennie has our back printing $1 trillion new
greenbacks per year, nothing can possibly go wrong. Our best and brightest
economic minds are always right:
“Stocks have reached what looks like a permanently high plateau.” – Irving Fisher, Professor of Economics, Yale University, 1929
“Many of the new financial products that have been created, with financial derivatives being the most notable, contribute economic value by unbundling risks and shifting them in a highly calibrated manner. Although these instruments cannot reduce the risk inherent in real assets, they can redistribute it in a way that induces more investment in real assets and, hence, engenders higher productivity and standards of living.” – Alan Greenspan – March 6, 2000
“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.” – Ben Bernanke – July 2005
The profound level of ignorance displayed by economists, politicians,
business leaders, media personalities, and the average American, regarding the
mathematically unsustainable path of our fiscal ship is perplexing to me on so
many levels. If the Federal government was a family, the budget ceiling debate
would be put into the following terms. Our household earns $28,000 per year,
but we spend $38,000 per year and add $10,000 to our credit card balance, which
stands at the limit of $170,000. In addition, we owe our neighbors $2 million
we don’t have because we promised to pay if they voted for us as Treasurer of
our homeowners association. We celebrate our good fortune of getting approved
for another credit card with a $30,000 limit by increasing our spending to
$39,000 per year. Intellectuals scorn such simplistic analogies by glibly
pointing out that the family has a crazy uncle with a printing press in the
basement and can pay-off the debt with his freshly printed dollars. And this is
where the deliberate and calculated ignorance by the highly educated Ivy
Leaguers regarding long term and unintended consequences is revealed. They
ignore, manipulate, cover-up and obscure the facts because their wealth, power
and influence depend upon them doing so. But ignorance doesn’t change the
facts.
“Facts do not cease to exist because they are ignored.” – Aldous Huxley
Nothing exposes the ignorance of various factions within our society better
than a debate about budgets, spending, and unfunded liabilities. This is where
every party, group, special interest, and voting bloc ignore any and all facts
that are contrary to their selfish interest. They only see what they want to
see. The fallacies, errors, omissions and mistruths of their positions are
inconsequential to people who only care about their short-term self-seeking
interests. When I question the out of control spending on entitlements and our
impossible to honor level of unfunded liabilities, those of a liberal
persuasion lash out with accusations of hating the poor, starving children and
throwing granny under the bus. Anyone suggesting we should slow our spending is
branded a terrorist by the overwhelmingly liberal legacy media.
When I accuse Wall Street bankers of criminal fraud and ongoing
manipulation of the financial markets, the CNBC loving apologists for these
felons bellow about the market always being right. When I rail about the
military industrial complex and our un-Constitutional invasions of other
countries, the neo-cons come out in force blathering about the war on terror
and imminent threats. When I point out the horrific results of our government
run educational system and how mediocre union teachers are bankrupting our
states and municipalities with their gold plated health and pension plans, I’m
met with howls of outrage about the poor children. The common thread is that
facts are ignored because each of their agendas requires ignorance on the part
of their team’s fans.
The following chart of truth portrays an unsustainable path. Ignoring the
facts will not change them. This isn’t a Republican problem or a Democrat problem.
It’s an American problem.
“There are men regarded today as brilliant economists, who depreciate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: “In the long run we are all dead.” And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.” – Henry Hazlitt
Henry Hazlitt may have written these words six decades ago, but they aptly
describe Paul Krugman and the legions of Keynesian apostles whose bastardized interpretation
of Keynes’ theory has led us to this fiscal cliff. How anyone can truly believe
that borrowing to consume foreign produced goods versus saving and making job
creating capital investments is a rational and sustainable economic policy is
the height of ignorance. One look at this chart exposes the political party
system as a sham. When it comes to the fiscal train wreck, set in motion thirty
years ago, the ignorant media pundits peddle a narrative about politicians
failing to compromise as the culprit in this derailment. Nothing could be
further from the truth. Compromise is what has gotten us to this point. The
Republicans compromised and allowed the Democrats to create a welfare state.
The Democrats compromised and allowed the Republicans to create a warfare
state. The Federal Reserve compromised their mandate of stable prices and
preventing financial calamities by inflating away 95% of the dollar’s
purchasing power in 100 years, while creating bubbles every five or so years,
like clockwork. There are a myriad of facts related to the chart above that
cannot be ignored:
- It took 192 years for the
country to accumulate $1 trillion in debt. It has taken us 30 years to
accumulate the next $16 trillion of debt. We now add $1 trillion of debt per year.
- If the Federal government
was required to use GAAP accounting, the annual deficit would amount to
$6.7 trillion per year.
- The fiscal gap of
unfunded future liabilities for Social Security, Medicare, Medicaid, and
government pensions is $200 trillion.
- Using realistic growth
assumptions adds another $6 trillion of state and local government
unfunded pension benefits to the equation.
- The Federal government
has increased their annual spending from $1.8 trillion during Bill
Clinton’s last year in office to $3.8 trillion today, a 110% increase. The
population has increased by 12% over that same time frame, and real GDP
has advanced by 25% since 2000.
- Defense spending has
increased from $358 billion in 2000 to $831 billion today, despite the
fact that no country on earth can challenge us militarily.
- The average Baby Boomer
will receive $300,000 more than they contributed to Social Security and
Medicare over their lifetime. Over 10,000 Boomers per day will turn 65 for
the next 17 years.
- The Social Security
lockbox is filled with IOUs. The funds collected from paychecks over the
last 80 years were spent by Congress on wars of choice, bridges to
nowhere, and thousands of other vote buying ventures.
- A normalization of
interest rates to long-term averages would double or triple the interest
on the national debt and increase our annual deficits by at least 30%.
- Obamacare and the
unintended consequences of Obamacare will add tens of trillions to our
national debt. The initial budget projections for Medicare and Medicaid
showed only a modest financial impact on the financial situation of the
country. How did that work out?
- Entitlement spending in
2003 was $1.3 trillion. Entitlement spending in 2008 was $1.7 trillion.
Entitlement spending in 2013 was $2.2 trillion. Entitlement spending in
2018 will be $2.8 trillion, as these programs are on automatic pilot.
When you consider the facts in a rational manner, without vitriolic
denials, bitter accusations, acrimonious blame, and rejection of the entire
premise, you come to the conclusion that we’ve passed the point of no return.
Decades of bad choices, bad leadership, bad men in important positions, bad
education, bad governance, and bad citizenship have led to bad times. But very
few people, across all socio-economic classes, have any interest in
understanding the facts or making the tough choices required to save future
generations from a life of squalor. We willfully choose to ignore the facts.
“Most ignorance is vincible ignorance. We don’t know because we don’t want to know.” – Aldous Huxley
Our degraded and ignorant society is incapable of comprehending their dire
circumstances or acting for the common good of the country. We are a nation on
the take. Greed really is good. Everyone needs to play the game. From the top
floor corporate CEO suite to the decaying urban wastelands, we have chosen
comforting ignorance to uncomfortable knowledge. Our warped form of democracy
enriches the few at the top, while dispensing enough subsistence payments to
the lower classes to keep them from revolting, while enslaving the middle class
in debt and convincing them it’s really wealth. Mencken understood the pathetic
impulses of the American populace decades before we reached our point of no
return.
“Democracy is a pathetic belief in the collective wisdom of individual ignorance.” – H.L. Mencken
The only way a democracy can survive is if the population is knowledgeable,
vigilant, skeptical, educated, individually responsible, self-reliant, moral,
capable of critical thinking and willing to accept the consequences of their
actions. A nation of takers, fakers and blamers will not last long. We’ve
degenerated into a nation of knowledge hating book burners. Our culture of
ignorance will lead to the destruction of our culture and the ignorant masses
will wonder what happened.
“But you can’t make people listen. They have to come round in their own time, wondering what happened and why the world blew up around them. It can’t last.” – Ray Bradbury – Fahrenheit 451
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