PJB: Sub-Prime Superpower
By Patrick J. Buchanan
There was a time when events like the collapse of that bridge over the Mississippi would have been taken in stride.
Yes, it was a tragedy, a mature nation would have said, but like earthquakes, hurricanes, tornadoes and bolts of lighting hitting folks on picnic grounds, these are “acts of God.” Even in a good life and a great country, bad things happen.
But today, there has be someone to blame, someone to be held accountable, someone who could have prevented it, someone whose head must go on a pike. And it is the job of the journalist to give us the guilty. And the modern journalist relishes nothing more than standing before a TV camera passing moral judgment on failed mortals.
After Katrina, it was President Bush, who neglected to send in the 82nd Airborne at once, and “Brownie,” the FEMA chief. Yet, all concede Brownie had done “a heckuva job” in the Florida hurricane.
We are now told there are 70,000 bridges in this country that are “structurally deficient,” whatever that means, since collapsing bridges are a rarity. One recalls the crumpling of a slab of the Bay Bridge in San Francisco a few years back, but few others. Yet, a clamor has arisen for hundreds of billions of tax dollars to repair our crumbling infrastructure of roads, sewers, bridges and electrical grids.
Fine, but where are we going to get the money?
We are bust. We consume all we earn. We save nothing. We borrow $2 billion a day to finance our trade deficit and buy all those goods and gadgets at the mall. The Chinese save between 35 percent and 50 percent of all they earn.
