The Government of the United States of America today is making one of the biggest mistakes in our short history! The Government is effectively taking over the banking industry of the United States. An Article in Time Magazine speaks volumes to their opinion about what is going on; they are calling us
"The United States of France". News agencies are recording into history our stupid behaviors; CNN is calling it
"The End of an Era", Fox News is even reporting the
"Democratic Leaders of Congress are at odds over how to proceed."In the most simple layman terms I can use, "This is an example of the Dumber leading the Dumb." How can the
"People" of the United States believe that this plan to "bail out" or "rescue" our failing banking and savings institutions will work. The Government of the United States refuses to follow a budget, it prints money at will, and has misused our tax dollars to the tune of Trillions of dollars of National Debt. It has also allowed the Social Security System of the U.S. to go virtually bankrupt; and now WE THE PEOPLE are going to sit here and allow our government to take control of our largest banking and savings institutions. How stupid can our government be? I think people who cannot balance their own budget should not be telling people who cannot balance their own budgets how to balance their budgets!
According to
The U.S. National Debt Clock the outstanding Public Debt as of 22 Sep 2008 at 01:49:43 PM GMT is: $9,671,385,256,340.11!
The estimated population of the United States is 304,774,222so each citizen's share of this debt is $31,732.95.
The National Debt has continued to increase an average of$1.84 billion per day since September 28, 2007!
How can our government afford to "rescue" these failing institutions when they can't even "rescue" themselves? President Bush and the Congress are planning on
spending 700 Billion dollars to bail our these companies. This is absurd. Where is this money coming from? I'll tell you where, my tax dollars. Why should my tax dollars be spent to prevent the wealthy from becoming like me?
Another big question I have is, "How rich do you have to be, in order for the government to save you from going out of business?" If a smaller bank or business had this much mismanagement and started to fail, the government would let them, claiming fair competition under our free enterprise system of economics; but if you were already making, and apparently losing, billions of dollars then the government will "rescue" you! Talk about the rich taking care of the rich!
I encourage all of you to contact you U.S. Senators or Representatives and let them know what you think of their "rescue" efforts!
