Things fall apart; the centre cannot hold ...The best lack all conviction, while the worst
Are full of passionate intensity.
William Butler Yeats (1919)
"The Second Coming," Yeats's famous apocalyptic poem, has been cited in every era since he wrote it more than a hundred years ago. Now, however, things are really falling apart.
As reported in Barron's, our federal government's budget deficit is $1.3 trillion, driven higher by rising interest costs on our national debt--now more than $36 trillion. Interest rates on U.S. bonds are creeping higher, as foreign investors grow wary about financing America's spending spree.
Politically, the center cannot hold, or as Congresswoman Jasmine Crockett might phrase Yeats's observation, "The fuckin' center cannot fuckin' hold."
Progressive Democrats, full of "passionate intensity," are behaving like lunatics. Senator Cory Booker, the Sparticus of the U.S. Senate, has accomplished very little over his political career. Earlier this month, however, he broke the record for the longest Senate filibuster speech, achieving absolutely nothing other than demonstrating the strength of his bladder.
Democrats displayed more "passionate intensity" at a rally in Washington last February, organized to protest Elon Musk's cost-cutting activities. Massachusetts Congresswoman Ayanna Pressley called Musk a "Nazi nepo baby," and Congresswoman LaMonica McIver of New Jersey called for shutting down the U.S. Senate. "We are at war," McIver cried out. Congresswomen Maxine Waters and Jasmine Crockett were present as well, spewing profanity.
Our nation has lost all semblance of an orderly two-party political system. Progressive Democrats see themselves as guerrilla fighters, indulging in violent rhetoric and launching a blizzard of lawsuits in friendly federal courts. Critics view this malicious litigation as lawfare; indeed, it is a quasi-military form of sabotage against the nation's justice system. And many federal judges are complicit.
Will things calm down? Will our political process revert to a culture of civility and decorum? Will the nation get its fiscal house in order?
I don't think so. Unless our government addresses its fiscal crisis very soon, interest rates will rise precipitously, the housing market will collapse, and inflation will accelerate the destruction of the middle class. All that will happen shortly.
Is America slouching toward Bethlehem as Yeats envisioned? No, but we're definitely slouching somewhere, and the place we are slouching toward is dark and scary.
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The center cannot hold. |