I did come to that understanding. From what I understand the monetary system we have is getting to a point that it is reaching a maximum of borrowing
The debt ceiling. Technically true, but that's not as big of a deal as it sounds. We've reached that limit many times. When that happens congress votes to extend the limit.
There is no real maximum borrowing limit. If countries that we owe money to stopped lending us money, we would most likely default on the money we already owe them. That would cause serious and immediate damage to their economies and hurt them in the long term as well since they'd no longer collect interest payments from us. Basically, it's in their best interests to keep loaning us money.
The problem with our debt is not some huge immediate impending disaster. It's that we have to pay interest on that debt. Instead of our tax dollars going towards building new highways or healthcare, it goes towards paying off the interest on our debt.
So instead of the system recovering from the local economics they are hyper extended all over the planet and our local economics is just part of our Banks domain.
Figuratively.
So, now we are seeing that Organized labor is a problem. Jobs that pay well is a problem, health care is wrong for us but not them including our elected Government.
We are seeing it that way because people who want the real problems continue are characterizing it that way. Make no mistake about it, the wealthy elite are benefiting greatly from our current economic conditions. They want things to get worse, not better.
When things get worse for us, they get better for them. When they bust a union and lower the benefits for those workers, that's bad for us and good for them. It takes power away from the biggest source of working class political influence as well as lowers workers wages across the board. That remains true even for public employees unions. A company who wants to hire someone who is qualified to work one of those public employee unions now has to offer less compensation to get qualified people to take the job. That means lower labor costs which means the employer makes a larger profit.
So when those unions are busted, the wealthy win in 3 ways.
1) Lower labor costs
2) Less working class influence in our political system means they get more influence
3) That tax money saved by cutting public worker's pay goes to the wealthy in the form of tax cuts.
In general all social needs are the enemy because we must service the debt.
And we have that debt because we keep lowering the taxes of the wealthy. In the 50's-70's we didn't have massive crippling debt because the wealthy paid their fair share and the system worked. But then we elected a country western actor president who's economic education appeared to come from reading fortune cookies. So we adopted an unsustainable tax system that makes the wealthy even wealthier and slowly is taking everyone else to the poor house. After 30 years of the same failed policy with the same debt you'd think we would learn, but people are still believing the same lies they have been since Reagan.
