Regardless of the outcome and the debt level will be raised, America is failing for 3 reasons.
- Military spending is running out of control
- The high income earners are not paying their fair share of the tax burden
- The political system is more corrupt than in many of the States that the West feels they have to interfere in, because big business and in particular our friends in Wall Street, own the politicians, because of the amount of political funding they contribute. Contributions by the Banksters to the Democrats, are currently running at twice the amount going to the Republicans, to encourage Obama to make the 'right decision' with regard to the debt mountain.
The 'wrangling' of American politicians in Congress over the U.S. debt ceiling is 'fake', none of the proponents have any intention of fixing the real problems in American society. Banksters want debt, that's how they do business. No debt, no profit. Even if they cut some military spending round the edges the deficit will continue to grow. Meanwhile the bulk of the American people will be the hardest hit and while they grow poorer, their elected representatives and their Banker masters will continue to grow richer.
China will continue to rise while America continues to fall.
It's just sad to see, that's all.
