
The government hasn't promised that New Orleans will never have another hurricane or that the city won't be flooded again - have they? They have too much invested in what they built there, and no way is that water going to chase them so far away they won't be back to spend more money on fighting it until the next time.
Actually, they know it will be attacked by the laws of flowing water and sinking swampy ground. Why are they counting on it? Building against all evidence and scientific fact? Too big to move? Not hardly for a Superpower, it could have been built bigger and better somewhere off the delta...
The reason I think about that is, money and government are tied together, but the government thinks there are new rules about money. The only one they need to think about is printed on their currency. ...legal tender for all debt, public and private. Unless you are the government borrowing money that it never intends to pay back - unless it can print, borrow or tax more than it is spending. If I borrow, I have to repay, but not the government.
I guess if I were stupid I could borrow more on the equity of my home - providing that the real estate market wasn't driven by human forces beyond scientific facts. Negative equity means I should pay the lender, none of which makes sense.
Anyway, the government continues to try and tame the waters, and protect the value of its money or word backing its currency. But it is too easy to get around, over or behind the smoke and mirrors - we have seen the man behind the curtain and he can't stop the rain. If any of your political parties, or candidates, or personal plans for your future do not address the real threat to your safety and sanity by reducing your debts - then you had best live in a flotation device, the waters are coming back.
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