An Odious Importunity

“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.” — Section IV, 14th Amendment to the US Constitution.

This time, they really mean it.

The Über-rich oligarchs, like Charles Koch, Jeff Bezos, Elon Musk, Dick DeVos, the oil sheiks and their buddies with super yachts and private jets, security forces to repel the hordes and off-shore accounts to tap into while the rest of us scramble to pay our rent and buy food.

They plan to allow the United States to go into default come June 1st, two weeks, because it benefits them more than most realize.

“The Masters of The Universe,” “The Powers That Be,” “Mad Men,” whatever you refer to them as have always benefitted while others suffer. Joseph P. Kennedy, J. Paul Getty and others, used the 1929 Crash and Great Depression to enhance their wealth while people starved and men sold pencils on the street for a nickel.

During the “Housing Bubble” recession of 2007–09, when Wall Street banks — exploiting Republican-demanded deregulation of banking and investment rules — crashed the American economy in 2007, home prices (and, thus, homeowner equity) collapsed by 21%. Over 10 million Americans lost their homes to banking predators like “Foreclosure King” (and later Treasury Secretary under the former guy*) Steve Mnuchin, and tens of millions of others were underwater.