Jennifer Smith wrote:I don't know about you, but it makes me a little sick...
How did you like Bush's trillion? It's the desperate attempt of the system to recover from itself, and it's going to fail. It's like using a waterhose on a burning house without realizing that the problem is not a fire but a flood. It's pouring debt upon debt, thereby postponing inevitable destruction.
I read today that a million dollars is a 4-inch stack of 1000-dollar bills. A billion dollars is a 352-foot stack of 1000-dollar bills. A trillion dollars is a sixty-seven mile high stack of 1000-dollar bills.
If trillions and more trillions are what our monetary system is hooked on--and it is, no matter who the president is--it will not survive. This isn't a glitch; it is built into the system. And these "stimulus" packages are not fixes; they are more of the problem. They add to the unsustainable debt growth already strained by two simultaneously conducted wars, one elective, which were paid for on credit to no-bid contractors at the same time that Congress popped the champaign cork on mortgage credit and the White House reduced tax revenue, as though we didn't have pay for anything because it would all pay for itself.
And if anyone thinks it's socialism, think again: most of these trillions are going straight to the fat-cat bankers and corporate executives who have lobbied Washington hard to maintain the status quo that stuffs their personal coffers with rivers of gold.