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Can Jim Jordan Save America from a Debt Trap?

October 10, 2023 By Richard C. Young

Congressman Jim Jordan (R-OH-4). Photo courtesy of the office of Jim Jordan.

Has America gotten itself into a debt trap from which it will have to chew off its own limb to escape? That’s the analogy used by James Howard Kunstler in describing the current situation of the United States, facing war and an ever-growing debt burden. Kunstler then suggests that Jim Jordan will have to be the new Speaker of the House in order for America to have a chance of facing its problems. I support Jim Jordan as well. Kunstler writes:

I’m confident that Congress will sort out this new Speaker business in short order, now that the world appears to light up. But what of its current projects? For instance, the inquiry into the darkish business ventures of the Biden Family, Inc., and what to do about it? That look-see is tending toward a picture that shows an appalling connection between the Bidens’ lustful chasing of global main chances and the horrifying demolition of Ukraine currently ongoing. If it’s not already obvious to a majority of USA adults that “Joe Biden,” the cats-paw in the White House, must go, it will be in a matter of weeks as the bank records step into the spotlight and speak for themselves.

Are you ready for President Kamala and government-by-word-salad? E.g.: “It’s very important, as you’ve heard from so many incredible leaders, for us at every moment in time, and certainly this one, to seize the moment of time in which we exist, in our present, and be able to contextualize it, understand where we exist in history and in the moment as it relates not only to the past but the future,” she said. Doctoral dissertations will be penned explicating that mouthful for years to come (where and whenever those years might be located on time’s mystifying spectrum).

As for Congress and its grim duties, there is also the matter of the current laughable budget resolution running out again just before Thanksgiving. Work to do! The USA is in such a desperate debt and bond issuance dilemma that it’s like a trapped wild animal faced with having to chew off its own leg to escape death. And the cause of that dilemma is our legislature’s failure to control the nation’s spending. As America’s Venerable Bede, Sen. Everett Dirksen (d. 1969) used to say: “A billion here, a billion there, pretty soon you’re talking about real money.” Well, that game is drawing to a close. Reality is finally asserting its rugged old self to say that our country is as broke as broke can be and there has to be a painful adjustment. It will be presented as a Hobson’s choice: you can have no money… or you can have plenty of money that’s worthless. What’s it gonna be?

I’d guess that the new Speaker will have to be Mr. Jordan of Ohio, because at this time Congress badly needs to be led by someone who at least appears to be muscular and confident. One has to wonder, though, that even muscles and confidence might not be enough in the current situation — that moment of time in which we exist, as the Veep put it so well. And yet, so many things are happening at once that it feels like someone up there is monkeying with time itself. Or perhaps a giant blob has gummed up its wheels. But, really, I must ask: are you not a little tired of being a country that doesn’t know what it’s doing?

Read more here.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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