Currently, foreign governments are forecasting our financial collapse with glee despite the even sketchier state of their own markets. Meanwhile, foreign investors desperate for safe havens for capital are pouring their money into US treasury securities. In essence, we’re being lent this money by such actions. That’s how the government spends money it doesn’t have, by issuing bonds. Government bonds are promises to pay slightly more than a dollar some day in return for a dollar today.

We live in an era of panem et circeses, interrupted periodically with a liberal dose of government-inspired fear and paranoia. A hundred years from now, historians will point to this era as the beginning of the end for our country as we know it.

I can only hope that this serves as a clarion call for the masses to wake up and start paying attention to their government, to participate more, to require accountability, to put the source of governmental power back in the hands of the citizenry. Otherwise we are sheep to the slaughter, happily cashing our “stimulus checks” while our republic mutates into a socialist oligarchy.

Shame on us.

…and there was absolutely nothing that could reverse that except this bill.

We know this HOW exactly? It may be true, but let’s call this notion what it really is. It’s the driving presumption behind passage of the bill. It’s not an established fact, it’s a presumption.

One could argue that American indecision on this HUGE financial decision was what was causing credit markets to freeze.