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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> extropy-chat <extropy-chat-bounces@lists.extropy.org> <b>On Behalf Of </b>William Flynn Wallace via extropy-chat<br><b>Sent:</b> Friday, August 6, 2021 10:53 AM<br><b>To:</b> ExI chat list <extropy-chat@lists.extropy.org><br><b>Cc:</b> William Flynn Wallace <foozler83@gmail.com><br><b>Subject:</b> Re: [ExI] US ‘failed miserably’ in wargame reportedly against China attack on Taiwan<o:p></o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Arial",sans-serif'>>>…<span style='color:#222222'>But we aren’t having desperate war bond drives now.</span></span><span style='font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Arial",sans-serif'>>>…<span style='color:#222222'>BillW, what changed please?</span></span><span style='font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Arial",sans-serif;color:#888888'>spike</span><span style='font-size:12.0pt;font-family:"Arial",sans-serif;color:#888888'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Comic Sans MS"'>>…<span style='color:#888888'>How do you get people interested in over 20 trillion dollars of debt? A war they can understand. People are dying. The enemy is winning.The debt has no urgency about it. Thus the one word answer to you is: complacency. Part of that is living for the moment. How many of us have adequate retirement money? Small number, I think. That future is just too far off for people to imagine. So in the end, it's a failure of imagination. AGree?</span></span><span style='font-size:12.0pt'><o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Comic Sans MS";color:#888888'>bill </span><span style='font-size:14.0pt;font-family:"Comic Sans MS"'>w<o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Comic Sans MS"'>Disagree at least partially. Back in the old days, the federal government debt limit was taken seriously. Now it is not. It is now treated as a political football or an inconvenience or a legal relic of times past, rather than what it was designed to do: pressure the Fed to balance its damn books, as it must do, as state governments must do, as you and I must do.<o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Comic Sans MS"'>OK. So. That failed, catastrophically. To me that is a plain admission that the US Fed will not honor its military commitments and will eventually default on its debts as well, both domestic and foreign. It doesn’t move me a bit to argue that it has never done this before, so it never will. It is perfectly clear to me that it will not honor those commitments because it cannot.<o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Comic Sans MS"'>spike <o:p></o:p></span></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:14.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p></div></div></div></body></html>