... Middlebury Institute Director Kirkpatrick Sale (left) can deliver an entire speech on the 
subject to the Second Vermont Republic January 15. I am not sure about some of his numbers (the $50 trillion debt seems awfully high, even as a combination of governmental, corporate, and personal debt), but he combines a deep understanding of history with an ability to relate it to our current situation. The speech has been published as Paper VIII in the Middlebury Institute series.
subject to the Second Vermont Republic January 15. I am not sure about some of his numbers (the $50 trillion debt seems awfully high, even as a combination of governmental, corporate, and personal debt), but he combines a deep understanding of history with an ability to relate it to our current situation. The speech has been published as Paper VIII in the Middlebury Institute series.
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More on this subject:
Going Bankrupt
Why the Debt Crisis Is Now the Greatest Threat to the American Republic
By Chalmers Johnson
http://www.tomdispatch.com/post/174884
I would also recommend the following Chalmers Johnson books:
Blowback
The Sorrows of Empire
Nemesis: The Last Days of the American Republic.
(Sorry... I forgot to include this in my message above...)
James Madison, "the father of the Constitution" had this to say. Quite prescient, if you ask me:
"Of all enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debt and taxes. And armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few. In war, too, the discretionary power of the Executive is extended. Its influence in dealing out offices, honors, and emoluments is multiplied; and all the means of seducing the minds are added to those of subduing the force of the people...No nation could preserve its freedom in the midst of continual warfare."
- James Madison
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