Do the math. How long can this continue? How much debt can we run up before it all falls apart? We are being propped up by an out of control Federal Reserve. At some point, with all the money in circulation, the dollar will lose value. That is simply a fact. The more dollars there are in circulation, the less they are worth.
You can have your own opinions, but you can't have your own facts. Those are facts.
And the Rose-Colored Glasses KarlMarxRoxny is wearing doesn't change anything. There is no indication from either side that they want to do anything about the coming crisis. This will not end well.
Originally Posted by CuteOldGuy
I do think a substantial percentage left wingers sort of disengage from reality. It's a kind of madness.
Characterizing fears of a financial collapse as fear mongering is an example the left's madness. The financial path we are on will result in a catastrophic result. It's not subject to debate. The left seems to think that if we just wish hard enough, we can go on running huge deficits forever, with no bad outcome.
There is a concept in psychology called magical thinking which I think partly explains the left's irrational belief system.
From Wikipedia:
Magical thinking is thinking that one's thoughts by themselves can bring about effects in the world or that thinking something corresponds with doing it.
[1] It is a type of
causal reasoning or
causal fallacy that looks for meaningful relationships of
grouped phenomena between acts and events. In
religion,
folk religion, and
superstition, the correlation posited is between religious
ritual, such as
prayer,
sacrifice, or the observance of a
taboo, and an expected benefit or recompense. In
clinical psychology, magical thinking is a condition that causes the patient to experience
irrational fear of performing certain acts or having certain thoughts because they assume a correlation with their acts and threatening calamities.
http://en.wikipedia.org/wiki/Magical_thinking
