General Stock Ideas

[bigworld]

gfp: We were never forced to borrow $16 Trillion and counting to pay for more government intervention than we could afford to pay for. We ran surplusses until Lyndon Johnson started the Great Society Programs that have put us on the collision course we are on. Unlimited free health care to the elderly, to the poor, welfare checks that encouraged single motherhood, food stamps, and on and on. We replaced personal responsibility with Uncle Sow's tit and wonder why 75 Million people can't wean themselves off of it. Sure the Fedaral Reserve is at the root of a lot of our problems and needs to be phased out. But we still spent and spent and spent and promised and promised and promised....and now the money ain't there and no level of taxation imposed is going to produce enough revenue because like in Atlas Shrugged the remaining tax payers will tire very quickly of assuming the entire burden and will produce less. Human nature cannot be changed. We are either going to renegotiate our loans to screw bondholders (qualified default) or we print and inflate our way to Weimar-USA. Either way the vast majority of Americans are going to suffer a diminishmnet of their real net worth and lifestyles. And it will worsen considerably once the US Dollar loses its status as the world's reserve currency. We're screwed. Lots of blame to go around for that.