Quote:
Originally Posted by Cyfr
The US isn't going broke because of socialist programmes. It's going broke because the US spends huge amounts of money on pointless wars and occupations. It's going broke because the federal reserve is run by people who think you can create wealth by printing money. Instead it takes value from existing currency and ends up effecting the lower/middle classes while the upper class don't notice a thing.
Allowing government and private banks (federal reserve) to control the money supply can be a rather dangerous thing.
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I think the kind of socialist programs Barb is talking about are the ones where the govt. bails out the banks who lost big with the ninja loans, while the ordinary citizen loses his home. Socialism American style.
