GOVERNMENTS ARE REALIZING THAT THE WELL IS RUNNING DRY
Almost every local, city, state, and Federal government institution is in a major financial crisis. Many politicians, with long-term careers, are retiring because they are totally ill equipped to solve our present economic woes. I don’t think anyone but Obama believes that all the trillions of dollars of spending did anything to stimulate the economy. What governments need , what we all need, is a booming economy that is a moneymaking machine that generates income taxes, real estate taxes, sales taxes, etc.
Remember all those “toxic mortgage backed securities” that supposedly caused all our problems. Well they are not a problem any more we the people bought them for 100 cents on the dollar. Now the mega banks, who own the Federal Reserve, and who were bailed out by the American taxpayers, are all posting profits because you relieved them of all their bad investments. So then why isn’t the economy back to normal: simple – the big banking debacle was not the cause of our problems.
Now, every government body from the local tax assessor to the White House feel justified in taxing the will to succeed out of every citizen who has a dollar, in an effort to keep the ball in the air. Let the ball drop and lets address our real problems.
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