The high-stakes political showdown between Republicans and Democrats/President Obama in Washington over the 14 trillion debt and the debate about raising the legal debt ceiling should be of interest to anyone concerned about environmental issues, because as the United States sinks further and further into debt, there will be less and less money available to spend fixing environmental problems.
I recommend readers watch the documentary “I.O.U.S.A.” or at least the free 30 minute version on You Tube (here):
I’ve come to believe that within my lifetime the USA will cease to be a significant world power because of its debt level, the trade imbalance, and (most importantly) the refusal of politicians to do what’s necessary to balance the books.
Americans have a very simplistic belief that they will always “do alright” no matter what, because that’s how it has been in the past. I think that belief will be their undoing. No one is prepared to take the ‘scorched earth” steps required to get out of debt. The ‘coup d’état” that Wall Street performed on the US government a few years ago (that led to the bank bailouts – and which was so well documented in the movie “Inside Job”) has made things much worse.
Canada must, I believe, build stronger ties with Europe and other nations and not depend so heavily on its neighbor to the south, which is starting the circle the drain.
Anyway, watch I.O.U.S.A. and decide for yourself. (And pay attention to how much federal spending goes to the military!)