By CNBC
November 12, 2008 "CNBC" -November 10, 2008 -- The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
"In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC.
In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world.
As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.
Patron Saint of Blog
St. Thomas by Fra Angelica
Key Elements of Each Moral Act (Moral Philosophy of Aristotle/Aquinas)
[Proper Moral Calculus per Aristotelian/Thomistic Synthesis]
1. Object Rationally Chosen
(Proximate "End" or "Means")
2. Intent (Further "End")
3. Circumstances
all "3" must be licit in order for the moral act to be permissible (just).
1. Object Rationally Chosen
(Proximate "End" or "Means")
2. Intent (Further "End")
3. Circumstances
all "3" must be licit in order for the moral act to be permissible (just).
The Nature of Morality qua Philosophy
Perhaps the best way to conceptualize traditional morality is to view it as a systematic way of answering questions which ask what "ought" to be done from the perspective of right and wrong. Moral philosophy assumes therefore that notions of right and wrong, good and evil are real that is; exist, both independent of the "knower" and irrespective of time and place.
Furthermore, it claims that these moral absolutes or immutable moral norms are understandable that is, knowable by rational man as part of the natural (moral) law.
Moreover, morality or the subject of ought questions inherently involves action--not simply cognition, meaning we are interested in how moral decisions/choices affect our actions in real time.
From a scholastic (Aristotelian/Thomistic) perspective "ought" questions always involve "3" elements; the object rationally chosen or proximate end, also referred to as means" the intent or further end and the circumstances.
In scholastic moral philosophy what ought to be done is strongly grounded in the nature of being that is to say the "ought" is based on the "is." From a practical perspective this means that the ought is circumscribed by the immutability of human nature that is, bounded by a fixed human anthropology. The essence of our human being then is presumed to be unchanging not evolving and is not relative to time or place. The Enlightenment needless to say wrecked havoc with this principle especially the post Enlightenment philosophy of Utilitarianism and the post-modern tendencies toward subjectivism and moral relativism.
Finally, most decisions of any consequence made by individuals or groups have at least a moral component even if they are not primarily or fundamentally moral questions. For example, questions of public policy always involve morality since they of necessity ask what "ought" be done from the perspective of right and wrong whether explicit or implied. Whenever we ask what ought we to do, not simply what can we do or is it possible to do; we have entered the realm of moral philosophy.
This site attempts to analyze current events from a moral perspective utilizing scholastic, specifically; Aristotelian/Thomistic moral reasoning.
--Dr. J. P. Hubert
Furthermore, it claims that these moral absolutes or immutable moral norms are understandable that is, knowable by rational man as part of the natural (moral) law.
Moreover, morality or the subject of ought questions inherently involves action--not simply cognition, meaning we are interested in how moral decisions/choices affect our actions in real time.
From a scholastic (Aristotelian/Thomistic) perspective "ought" questions always involve "3" elements; the object rationally chosen or proximate end, also referred to as means" the intent or further end and the circumstances.
In scholastic moral philosophy what ought to be done is strongly grounded in the nature of being that is to say the "ought" is based on the "is." From a practical perspective this means that the ought is circumscribed by the immutability of human nature that is, bounded by a fixed human anthropology. The essence of our human being then is presumed to be unchanging not evolving and is not relative to time or place. The Enlightenment needless to say wrecked havoc with this principle especially the post Enlightenment philosophy of Utilitarianism and the post-modern tendencies toward subjectivism and moral relativism.
Finally, most decisions of any consequence made by individuals or groups have at least a moral component even if they are not primarily or fundamentally moral questions. For example, questions of public policy always involve morality since they of necessity ask what "ought" be done from the perspective of right and wrong whether explicit or implied. Whenever we ask what ought we to do, not simply what can we do or is it possible to do; we have entered the realm of moral philosophy.
This site attempts to analyze current events from a moral perspective utilizing scholastic, specifically; Aristotelian/Thomistic moral reasoning.
--Dr. J. P. Hubert
