America losing its AAA rating on its debt is no surprise to readers of this blog.  In fact, America is headed for total financial collapse.  This is not a partisan comment because it wouldn’t matter which party was in power.  No doubt, the Republicans will blame it all of Obama, but they blame everything on Obama.  Ironically, it has been the Republicans who put America on the path to total financial destruction, starting with Reagan’s under taxing, overspending, and voodoo economics.

Now, the reason for the financial collapse is jobs; namely, the U.S. cannot create enough living wage jobs for everybody who needs them.  So, the U.S. either has to let the people die or provide some basic assistance to them.  As this number continues to grow, the burden for the U.S. will be greater.  In the end, there is no alternative other than default on the national debt, collapse of the U.S. dollar, and define a new socialism.

I have been advocating for an early default on the national debt in order to avoid the forced default that will come in time.  In addition, there needs to be a continued socializing of basic services and industries.  Every person needs to be provided a living wage job in something they are capable of doing.  If they need skills, they should be provided with education.  If they cannot be employed then they should just be provided for until a living wage job can be found.  It is the humane thing to do and it is the only thing that is going to work.

Recently, there was a study of the happiest peoples.  Interestingly, the happiest peoples came from very high tax countries.  Countries where the taxes are as much as 70%.  The reason these people are happier than the people in the U.S. is because basic necessities are provided for.  They do not have to worry about housing, food, education, and health care.  If they lose a job they will not be homeless or without the ability to be treated for sickness.  In a word, these countries are socialistic.  They have evolved out of the selfish, greed based capitalism that is always destined to fail.  Always.

America is doomed.