I still shake my head everday in amazement that we’re here...and we let it get here....so quickly, without challenging anything and the people primarily responsible are the people telling me I’ve got to pay..while they don’t pay...
Grover Cleveland famously said "Though the people support the government; the government should not support the people." Think about what that means for a moment.
For over 40 years, regardless of political party, it has been the policy of our government to regulate & direct the economy in order to achieve what are considered desirable, noble even, social outcomes. Chief amongst these is the so-called "ownership society" which was championed by the immediately preceding administrations.
In a certain way, you really have to hand to the Wall St bankers - in true capitalist fashion, they delivered what the customer wanted. The only problem was that in this case, the customers were comprised of DC idealists who were using OUR money to back their grandiose plans for social equity.
Proving once again that 'no good deed goes unpunished', those who lived within their means and otherwise exhibited traditional conservative behavior are now being targeted to pick up the tab for those who couldn't quite manage their personal lives & finances.
Well, it's time we wake and recognize that the fight that's been brewing for quite awhile cannot be put off any longer. And as luck would have it, all the advantages happen to be on our side. You see, the ability of the central government to bail out and protect their electoral supporters rests solely on their ability to leverage the wealth of those who save & invest.
In other words, it's not about confiscation, either outright via 401(k) plans or indirectly through taxes, it's all about the federal government's ability to borrow & service the debt (interest). Once you realize that the entire house of cards is a confidence game ultimately backed by YOU, the good faith & credit of the so-called "solid citizen", then you see just how vulnerable .gov really is.