House Speaker Kevin McCarthy’s last-ditch plan to keep the federal government temporarily open collapsed in dramatic fashion Friday as a robust faction of hard-right holdouts rejected the package, making a shutdown almost certain.
McCarthy’s right-flank Republicans refused to support the bill despite its steep spending cuts of nearly 30% to many agencies and severe border security provisions, calling it insufficient.
The White House and Democrats rejected the Republican approach as too extreme. The vote was 198-232, with 21 hard-right Republicans voting to sink the package. The Democrats voted against it.
Honestly I'm of the opinion the global economy is so high on itself as the only priority to most world governments, and so indifferent to anything other than making largely already wealthy private shareholders wealthier, that its painful collapse would, long-term, be a far better outcome than letting it continue as it is in perpetuity, demanding perpetual growth on a finite world and having world governments, including our own, always willing to hurt their own people to satiate that growth because that government's capital holders make the decisions.
I think our global economy in its current form has turned and keeps humanity at large cruel towards one another, and it's clearly made humanity self-destructive towards itself as a whole. All to keep feeding its mandate for growth/metastasis for the sake of growth/metastasis. What humanity needs more than anything to survive right now is homeostasis/equilibrium.
I don't think that can even begin to correct without a lot of severe, but necessary, pain. The pain of indolence/inaction/tolerance of this economy will be more subdued but without end until addressed.
Economies are supposed to be a mere tool to better distribute goods and services for the benefit of a society. Now, when societies face struggle, the only priority is to sacrifice anything and everything to protect the beloved economy. It's perverse to me. The tail wagging the dog.
People thought that was the case with finance until 2008, instead we had people left homeless and jobless for years. Wealthy people have a safety net when the system fails. Poor people do not. If the U.S. crashed, people would die from the fallout. People died in the last recessions and they weren't mostly the rich.
By crash I mean a new economy needs to be built, we've never not been slaves to this one.
And most humans will continue to slave for a handful of sociopathic families until that happens. It will eventually. Entropy is absolute and Rome always falls in the end. Maybe not in our lifetimes, but if you think we can stay this course without planet devastating catastrophe by our own hands and technology we don't fully understand used for short term profit at all costs.
Do you want the end to be inflicted on all of us, or do you want there to be enough left to meaningfully rebuild?