https://amgreatness.com/2024/01/08/a-culture-in-collapse/
In the last six months, we have borne witness to many iconic moments evidencing the collapse of American culture.
The signs are everywhere and cover the gamut of politics, the economy, education, social life, popular culture, foreign policy, and the military. These symptoms of decay share common themes.
Our descent is self-induced; it is not a symptom of a foreign attack or subterfuge. Our erosion is not the result of poverty and want, but of leisure and excess. We are not suffering from existential crises of famine, plague, or the collapse of our grid and fuel sources. Prior, far poorer, and war-torn generations now seem far better off than what we are becoming.
What is happening to us is not due to an adherence to a too strict conservative tradition but is almost exclusively the wage of the progressive project.
In short, we are seeing fissures that America has not experienced in our cultural history since the Civil War. The radical Left apparently feels such chaos, anarchy, and nihilism are necessary to topple past norms and customs and thereby adhere to a socialist, equity agenda that no one in normal times would stomach.
Some of the decay is existential and fundamental; some anecdotal and illustrative. But either way, while decline came about gradually over decades, its sudden and abrupt chaos during the three years of Biden’s presidency has shocked Americans.
Financial Implosion
As long as interest rates were de facto zero, both parties ran up gargantuan debt. Now the national debt has hit $34 trillion. But two odd things have also happened under the Biden administration that are beginning to undermine the very existence of the U.S. financial system:
1) Interest rates have soared from de facto zero and are on a trajectory to 5.5%—meaning that the interest on the debt, in theory, in the not too distant future will require 20 percent of the annual budget, squeezing out both entitlements and defense.
