Reflections From a Murky Pond

The simple fact that America’s government-run school system is broken and that educational failure is their sole legacy can’t be truthfully argued against. The only arguments that can be engaged in are: why? who’s to blame? and how do we fix or remake it?

It’s easy to blame technology. After all, why should teachers actual teach what students can use modern technology to do for them instead?

But They Didn’t Teach Us That In Ethnomathematics!

I don’t think it’s fair to blame technology though since the average child in America could recite chapter and verse of the Liberals’ politically correct versions of history and sociology how America was wrong and how the country was based upon the evils of: racism, xenophobia, homophobia, religion, nationalism, and capitalism.

Oh yes! Religion (except for Islam post 9/11), nationalism, and capitalism are taught as “evils” in the modern (re)education camps the Liberals demand we call schools.

That same child could also likely parrot his “teachers’” chimera that teaching math and science and testing on those subjects is racist because it can’t take into account the differences in cultural backgrounds of non-White students. He or she could also offer strikingly similar rationalizations as why all the “teaching” was done to the lowest common denominators in his or her class.

No. Technology may be an enabler in this educational failure but it’s not the cause. The cause is the Liberals’ desire to indoctrinate children into their anti-American ideology.

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That’s Obama for you. The boy is almost stereotypical in his refusal to accept any responsibility for failure. So he’s continuing his claims that America lacks jobs because we’re lazy.

The Boy Still Says We’re Lazy

This time Obama is up on his soapbox claiming that Americans have been too lazy when it comes to, “Selling America and trying to attract new businesses into America.”

Truth be told, I’m not sure if Obama really believes that or if he’s just mouthing whatever his campaign managers and handlers are feeding him through the teleprompter. In either case though, it’s a ridiculous and irresponsible statement.

It fits his profile though. The Campaigner-in-Chief can hardly be expected to admit that labor unions, corporate taxes, and costly regulations – and the uncertain future costs caused by ObamaCare – have not only priced America workers off the global market but made America a very business unfriendly locale. After all, he got elected by running a high taxes, high regulation, pro-Union, anti-business ticket.

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Toxic assets has become a popular term for certain types financial assets whose value has fallen significantly and for which there is no longer a functioning market, so that such assets cannot be sold at a price satisfactory to the possessor of those assets which leaves those possessors in a very bad position since they’re holding assets that often cannot be sold except at a significant loss.

To-date this term has mostly been used to describe a subset of securities that were based upon mortgage-based derivatives. I wonder though if people should start thinking of America’s debt in similar terms, at least in the longer term.

The US government, especially the bloated federal government, is and has been living well beyond its means. Expenditures consistently outpace revenues and it’s reached the point where the government and the pundits are all claiming that, if we don’t borrow more money we’ll default on the debt that we already have. Hence, the brouhaha over the current debt ceiling argument in Congress.

In the near-term it would be ridiculously hyperbolic to describe the American government’s debt as a toxic asset but that doesn’t mean that it should objectively be considered a sinecure for investment either. Moody’s, Standard & Poor, and the International Monetary Fund would be right to downgrade US Treasury Bonds and all US Denomination backed debt. A continued AAA credit rating is unwarranted given the ongoing fiscal irresponsibility of America’s government.

However, if the American government doesn’t rediscover fiscal responsibility it’s debt may well in the years to come be classed as a toxic asset. That’s happened to plenty of other nations through the course of even recent history.

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