It is our generation that elected and re-elected the politicians that initiated this economic meltdown by compelling banks to loosen their lending standards. It is our generation that reaped the benefits of a bubble economy enabled by the Fed’s mismanagement of the money supply. And it is our generation that gave rise to the profiteers on Wall Street who gamed the system, spread the risk and reaped the rewards at the expense of our nation’s health.
It is our generation, then, that must shoulder the burden of this deep recession.
Locally, we must reject the misguidance of our national leaders and think and act for ourselves. To compete against other communities for state and federal stimulus funds to supplement our budgets is akin to pigs competing for slop in the trough just before the slaughter. Dependency on those funds will eventually work to the benefit of the providers, the farmers of collective compliance, never to the receivers. Our state and local identity is at stake.
Slice away everything in the budget that is not essential to our sustenance and protection. “Wants” no longer matter, only needs count now. Our leaders, political, religious, business, must redefine the term “age of responsibility” to mean what it should: personal responsibility for one’s actions, not collective responsibility to society, increasingly dependent on the efforts of a shrinking class of producers.
We must now be brave.
Sam Hancock is a resident of Cheraw. Contact him at SamHancock24@gmail.com