Wednesday, November 09, 2011

The Brink of Financial Ruin

The news is all bad, and I get glummed out reading it. Now that the Greek government is busy reshuffling itself so that it can handle it's debt crisis, all of the rest of the world can settle down and worry about how Italy's gonna handle its own debt crisis. Not that the US has any moral high ground here. Our own debt crisis is staggering. Years of high living and over borrowing have brought many nations to the brink of financial ruin. Unfortunately, in these scenarios, it's not the ones who caused the crises that will suffer. It's the common people. The people who do most of the working and living and buying that will suffer the most. You know? The people who actually get things done in this world. Not the thinkers and planners and financiers but the plumbers and carpenters and machinists and teachers and cops and firefighters. These are the bulk of the people on this earth. The 90% who have made it possible for the 10% to live in the lap of luxury. Yeah, watch that old stock market take its roller coaster ride, and listen to the pundits scream about market instability. To the 10%, it means they can't buy that Jag or take that vacation to Rio next year. To the 90%, it means they may lose their jobs, their homes,, their retirement accounts, their lives as they've known them. Folks in the 90% group don't have golden parachutes. They don't get multimillion dollar bonuses for running good companies into the ground, for losing jobs, for mishandling investors' money. The 90% just get to do without, get to tighten their belts another notch. And who really cares? The rich folks? Not much. The people in power? Nah! They're all in bed with the rich folks. Seems that the rising tide that we were assured was going to raise all of the boats didn't take into account that a lot of the boats were anchored down, or had holes in them. And it totally forgot to take into account all of those who didn't even have boats in the first place and had to learn to tread water fast. And what is the answer? How do you convince the people in power and the people with the money who control the people in power to change the system so that it benefits the people who have neither money or power? I don't know that one. I only know that the whole world seems to be in crisis now and a lot of people will be hurt in one way or another no matter what.

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