AUSTERITY=Who doesn't get the credit/printed money
Now it becomes fun.Brown Vetoes California Budget With a Pledge to Seek $9 Billion in Taxes
In a world where getting printed money is arbitrary....fights will break out on who is entitled to it.
Students? Teachers? Firefighters? Rich? Poor? Families? Politicians? Doctors?
When America was founded, it was our own labor that generated our production...that is why we enacted laws preserving private property rights....because private property was deemed an extention of our life.
Today, or production is simply a byproduct of credit....often provided by government spending in one way or another.....yet we still want private property rights when it is government handing us what we have.....
So expect more and more to demand what they feel is rightfully theirs...until they realize that everything they have was because government gave it to them or government printing money and spending preserved its value.