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When Murtha made one of his several remarks yesterday, I was reminded of the payoff for the Viet Nam war. He rightly pointed out that it took us eighteen years to pay for that.
Eighteen years.
Our country, in its patriotic stupor, seems to have forgotten what that was like.
But today, we're in even worse circumstances. While there may be no countering superpower in the military sense, there are several who could - and would - do us grave economic harm. And when we're attacked economically, no military solution - the Republican go-to method - exists.
China holds much of our debt. Saudi Arabia holds a fair bit of it. So does India.
Back in the 70s, when we were paying off that last credit card war, we at least made actual stuff. Today we make nothing. Our chief export is trouble. Here at home we have great infrastructure. A tempting target for anyone wishing to pick our bones.
One of our Big Three automakers is now foreign owned. That used to be a bedrock American industry. Now we can't sell domestic cars without incentives. Our shipyards are now marinas for the yachts of the people who can afford more debt than you or I. Our ordinary consumer goods are no longer made by American hands in American factories.
Our steel industry is truly non-existant.
Our financial services sector is operated from India. Just the titular leaders of it are here. The work gets done over there.
High tech in now Bye, Tech.
Let the Chinese or the Indians get into a snit - or a petroleum pinch - and we're extraordinarily vulnerable. These days of 'terrorism' will seem like the good old days when John and Jane Q carry a Bank of Bejing credit card. That 21% interest Fred and Frieda Fundy pay to IndiaMortgage for that 700 SF 'mansion' will seem like bargain when, later, the only available mortgages are from SaudiBank at 25%. Then, it is actually a valid question. What will John, Jane, Fred, and Frieda tell *their* children? "Honey, we sold the country."?
We are in very dire straits. As we play this disaterous game of endless premptive war, we are runniing up bills we can never hope to repay. When our national dish is Moo Shoo Pork, will the country finally wake up?
We are truly on the verge of becoming a colony of an outside power. And we're wallowing in patriotism as go there.
Even that flag they wave says "Made in China".
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