Posted on 08/05/2009 6:08:30 PM PDT by Rodebrecht
According to Senator Judd Gregg (R-N.H.), the United States is on its way to becoming a “banana republic” within 10 years.
Wikipedia defines a banana republic as “a country that is politically unstable, dependent on limited agriculture (e.g., bananas), and ruled by a small, self-elected, wealthy and corrupt elite.” Such nations have “a small, leisurely class on the top, and a large, poorly educated and poorly paid working class of peons, though it might have the (fake) trappings of modernity (such as styling itself as a republic with a president, etc.).”
A banana republic “typically has large wealth inequities, poor infrastructure, poor schools, a ‘backward’ economy, low capital spending, reliance on foreign capital and money printing, budget deficits, and a weakening currency. Banana republics are typically also highly prone to revolutions and coups.”
(Excerpt) Read more at thenewamerican.com ...
.........and your solution is Mr. Judd? Oh, don’t have one? Okay then. Just shut up.
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