http://www.truth-out.org/did-bush-leave-us-bankrupt-corrupt-ungovernable/1312205569When you sell the farm, the farm's gone.
Is it already too late for America? I'm starting to think that the anti-tax, anti-government conservative movement that started in the mid-70s, elected Reagan and led to the terrible Bush Presidency may have effectively destroyed the country, leaving it bankrupt, corrupt, ungovernable, ruled by a wealthy elite -- and we're only now just starting to realize it. To cover tax cuts we stopped maintaining the infrastructure and started borrowing. To satisfy their hatred of government we increasingly stripped away rule of law, regulation, and belief in one-person-one-vote. We are seeing the consequences of all of that coming back to roost now.
Reagan left us with massive debt and ever-increasing interest payments. Bush left us with $1.3 trillion deficits and a destroyed economy that would force further increases in the borrowing for years - to be blamed on Obama. The "free marketers" gave away our manufacturing base that will take decades and massive capital investment to recover. Obama can try, but it may just be too late to do anything about the borrowing. We need massive investment in jobs and infrastructure, and a national economic/industrial plan. But, with their own Reagan/Bush debt as ammunition, conservative ideologues continue to block every effort at investment to get out of the mess we are in.
The conservatives destroyed the regulatory structure of the government. They removed the inspectors, administrators, regulators and replaced them with corrupt cronies.
The conservatives killed off, contracted out or sold off - "privatized" - so much of our in-common resources and heritage of public structures. Water systems, oil and mineral leases, government functions, elements of the military, etc.
The conservatives destroyed the rule of law, leaving behind public perception of rule by cronyism, favoritism and mob.
The conservatives destroyed public understanding of democracy, leaving behind a one-dollar-one-vote system that their Supreme Court just formalized, along with a corporate media that works to keep people uninformed. And to make matters worse, now the telecoms can argue before Federalist Society judges that their "speech rights" are violated by rules making them carry labor and progressive websites over the internet lines they control. And forget about the idea of them ever letting anti-corporate-rule candidates raise money on "their" internet.