One-stop FEMA failure shop
John Beydler's excellent "The Passing Parade" provides a couple of interesting links.
Everyone ought to get an eye-full of the FEMA Failures site, particularly the right wing cretins who pop up from time to time to insist we join them in denying reality.
It serves as a repository for information that is emerging about FEMA, it's unqualified crony director, and the many major paper editorials exasperated with the stunning incompetence and calling for heads to roll.
Another link of particular interest is The Survival of New Orleans Blog a blog set up and published by people on site in New Orleans and provides real-time blogging of what it's like to be still in the city. It's not known how long they'll be able to continue without being forced to leave, but it makes for fascinating reading.
posted by The Inside Dope @ 9/09/2005
1 comments
1 Comments:
The issue of this government treating money as if it's simply unlimited is a major issue which is not being discussed.
Having plunged the country into deficits of unimaginable size, far surpassing even the record deficits of the Bush/Reagan era, was bad enough, but now they're simply printing up hundreds of billions of dollars as congress rushes to spend unlimited amounts on disaster recovery.
The fact remains that, despite Dick Cheney's view that "Deficits don't matter.", that they most certainly DO matter.
The American economy is already on the ropes, and the fact remains that the stupendous level of debt is primarily held by China and other foreign governments.
The ONLY thing that allows this country to essentially print all the money it wants is simply the faith and trust in the American economy and the debt-holders confidence that the loans will be repaid.
But there is a limit, and we're certainly close, beyond which investors will find that America is far far too mired in debt to continue being a sound investment.
Then countries and large banks will chose to convert their debts into Euros or some other more stable currrency and the American economy will crash and burn.
It's obviously more complex than that, but the fact remains that many economists have been warning for the past few years that the country simply can't afford to continue down the road Bush is leading us economically.
The bottom line is that Bush is simply bankrupting the country.
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