Tag Archives: Crisis

Do You Care About US Debt OR the CDC? Pick One.

Budgets are boring right? Not really. They are certainly complex, and passing them is complicated, as Washington, DC’s seemingly perpetual shut-down dance shows. But the question of paying for government is the most important one imaginable. Time and again in history we see great empires brought down by the simple question of “How do we pay for this?”

In the 1500s the Spanish Empire encircled the world, and controlled something like half of Europe, if not more. Their American territories brought a constant stream of precious metals. They were brought down mostly by the fact that they didn’t understand inflation, and defaulted on their debt repeatedly. In the 1920s the British Empire reached it’s largest extent. The “Sun Never Set” on the British Empire. 40 years later it was gone. Because they couldn’t pay for it. The holders of British debt in the United States got to dictate British foreign policy in a few crucial instances.

So yeah, budgets are important. And they are what this week’s video deals with.

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Yemen Shows How Weak The US Congress Has Become | Congress 4 | Yemen 7

What few people recognize is how far the US Congress has fallen, and how quickly. US pop culture, almost from the beginning, has featured a high degree of skepticism about Congress. They’ve always been known as a bunch of corrupt, pompous windbags. That’s a healthy attitude to take towards one’s government. But I think this constant attitude of contempt has served to hide Congress’s fall.

With the one two punch of Newt Gingrich’s “reforms” in the 1990’s (discussed here) and the expansion of the government after 9/11, Congress has lost the plot almost entirely. It’s only by looking at the power and principle that Congress could stand on just a few short decades ago, that we can get the full picture. That’s what this week’s video comparing Congress’s abdication of responsibility for Yemen to their treatment of Nicaragua in the 1980’s is intended to do.

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Video Transcript after the jump…

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