I think this sums it up pretty well

[Ernest Lephart]

Getting Outta Dodge
by The Daily Reckoning Readership

[Edited by Eric Fry and Joel Bowman on June 21, 2010]

Were I without family ties, I might consider expatriating to one of the quiet, out-of-the-way towns in Central- or South America that I drove my VW bus through in 1977-1978. Spending a year and a half living life at a slower pace and speaking in a second language was world view- opening for this California born American. Through it all, I met many wonderful, amazingly generous people. Unfortunately, I also saw a lot of grinding poverty and misery. I finally lost count of how many times I stared into the barrel of a loaded submachine gun held by an edgy 19 year-old soldier at some border crossing or roadblock.

My experience was life-changing, and made me appreciate the blessings of life in the United States - such as they were then. Thirty years later, I am not sure what I would feel coming home from such an adventure. I am saddened that governments at all levels have completely lost self-control. I am distressed that corporations now find it more profitable to pay off politicians for special subsidies and protections than to compete. I am depressed that Americans now walk away from commitments and belly up to the entitlement bar without any compunctions. We have spent the last forty years eating our seed corn and frittering away our wealth on trifles.

I am having great difficulty facing my young adult children with the news that their lives will be harder than mine has been...that college might have been a waste of time and money...that funding my granddaughter's college savings fund may be an exercise in futility...that saving and deferred gratification were cruel jokes that a manipulated stock market, zero interest rates, and future inflation will render worthless.

My family is here, so I'm resigned to remaining here to see whatever fate delivers. I feel strongly that we're close to the tipping point, after which collapse is inevitable. While a real, final dot.gov crash will make for very hard times, in the end it may be the only way to break the fever that is killing the country. Perhaps then we can dust off the Constitution and rebuild.