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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Sorry, but you'd be wrong on the first count. We are now spending a larger share of GNP on "entitlement" programs than we do on the military, (including the current war.)
However, you are correct on the second point. Both Democrats and Republicans in Congress are addicted to spending. And three quarters of the money spent goes to things which are entirely unconstitutional. No matter how much revenue gushes into the Treasury, it is never enough to satisfy them and they are constantly borrowing more. A day of reckoning will come.....and the sooner the better as far as I am concerned.