Quote:
Originally Posted by Villages Kahuna
...over the dramatic increase in the national debt. What's missing of couse, is any discussion of what alternative might exist. Becks says that this approach has never worked before. But, I don't think we've ever faced a financial crisis of this magnitude before either. Certainly he's not suggesting that we should do nothing and simply let the economy do it's thing, is he?
And I agree with Bucco. This whole situation is really scary. Scary because the debt we're running up won't be repaid for decades. And scary because our system of capitalism has failed us and now the only apparent way to address the financial problems is with massive government intervention. Intervention in a way that if anyone wants to be truthful about what's happening, it has to be called nationalizing various industries. We've started down a very slippery slope that will be hard to get back to the top from. Scary. There's no better word really.
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We got into this mess for many reasons, but the only "government" one is that the same old faces - who have been in office 15-20-30-40 years - have been authoring laws and abrogating their oversight responsibilities on behalf of their constituents in favor instead of K Street lobbyists and others filling the campaign accounts for many years. So, get rid of the career Congresspersons who represent K Street instead of Main Street, and that will be the best government fix that can happen. Oust 75% of them in 2010!