Tag Archives: gross world product

How to Make the Government Angry


There are actually plenty of ways to do this, but the one we are going to focus on today is the act of simply telling the truth about it. This is what happened to the rating agency Egan-Jones, who did the proper thing and downgraded their rating of US government debt. Why is this proper?

Well, first thing is that there has been no entity in the history of the world with a greater debt than the US government. Now, this might no be so bad if the US had the capacity to pay it, but the debt has passed 100% of GDP and is being increased every year. The unfunded liabilities of Medicare alone are greater than the Gross World Product, meaning that all the wealth in the world produced in a year would not be enough to pay for Medicare’s promises (yet if one points this out, he or she will be accused of hating old people and wanting them to die in the street). Massive changes have to be made, but won’t be. Thus, the only way this debt will be “paid back” is through the printing press, which means it won’t be paid back at all and the USD will be destroyed in the process.

Hence, I think it would be irresponsible to do anything BUT lower the US government’s debt rating. But don’t expect to go unnoticed. According to Simon Black, Egan-Jones has been banned from rating US government debt for the next 18 months. Black compares the actions of the US government to those of Emperor Diocletian. But we can go even further back. Luke 3:19-20 states:

But when John rebuked Herod the tetrarch because of Herodias, his brother’s wife, and all the other evil things he had done, Herod added this to them all: He locked John up in prison. 

Obviously, this is not a new tactic of governments, yet so many people believe their government to be just, virtuous, and so on. Let us cast aside this silly notion.

So, go ahead and say what you see. The emperor has no clothes.

“Truth is treason in the empire of lies.” – George Orwell