The Future the US Budget Foretells

The key drafters of the U.S. Constitution may have had dreams of a government to “promote the general Welfare” but that goal has long since been lost to factionalism and special interests, a reality that is growing worse as money increasingly buys American politics, as Lawrence Davidson describes.

By Lawrence Davidson

I can make high-probability predictions for 2015 and the near-beyond without the benefit of a crystal ball, tarot cards or tea leaves. The only thing that I need is a list of items from the new 2015 U.S. federal budget. Here are some of my forecasts and the budget items that make them so highly probable:

–There will be more deadly truck-related accidents than necessary on the nation’s highways in 2015. That means more deaths, injuries, highway delays, stress and frustration. How do I know? Because the 2015 budget rolls back the safety requirement that truckers need to get more rest between driving assignments.

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–Either in 2015 or soon thereafter there will be another major banking crisis requiring the outlay of enormous sums of public money to avert economic meltdown. How do I know? Because the 2015 federal budget rolls back the requirement, put in place after the last financial crisis, that forced the trading of derivatives to be done by corporate entities separated from the banks and not covered by the Federal Deposit Insurance Company.