It's okay, everything's changed.
President-Elect Obama, in a recent interview with ABC correspondent George Stephanopoulos:
"... I'm not suggesting, George, I want to be realistic here, not everything that we talked about during the campaign are we going to be able to do on the pace that we had hoped."
Well, so much for HOPE! It gets worse...
"And eventually sacrifice from everyone?" Stephanopoulos asked.
"Everybody's going to have to give. Everybody's going to have to have some skin in the game," Obama said.
Not me!
During the Great Depression real-estate plummeted, unemployment sky-rocketed, and people could simply not afford to pay burdensome taxes. Some of the largest and most successful tax revolts were organized between 1930-33.
The next institution to go broke will be the U.S. government, and who's going to bail it out then? It's all one great big Ponzi scheme.
The Federal Reserve, fractional reserve banking, and fiat currency are what got us into this mess in the first place. The question is how do we get out. I'm no economist, but 100% reserves, currency backed by gold and silver, and letting the free market determine interest rates all sound like a good ideas to me.
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