Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DeaconBenjamin; LMAO; April Lexington; murphE; RipSawyer; Tunehead54; preacher; 1234; coloradan; ...
The Peter Schiff/Austrian Economics ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

Schiff from above on Anytime Stamps: Apart from sounding the death knell of the one cent stamp, the news is interesting on two fronts: it provides insight into remarkably irresponsible government accounting, and it provides investors with the most attractive Federally-guaranteed inflation protected asset available on the market today......But the real reason behind the permanent switch is that it allows the Post Office to hide its insolvency behind phony accounting numbers, setting itself up for a massive taxpayer financed bailout in the not too distant future.

And maybe they figure no-one will buy stamps in the future anyway. I cant see a reason to buy the stamps with the prices still on them anymore, but people actually do.

60 posted on 01/01/2011 6:56:17 PM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: sickoflibs

bfl


65 posted on 01/02/2011 2:18:35 PM PST by Huck (Do talk radio hosts get paid extra when they use the word "impugn"? It sure seems like it.)
[ Post Reply | Private Reply | To 60 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson