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alstry (< 20)

Capitalism WITHOUT Capital



July 22, 2010 – Comments (0)

MYFOXNY.COM - Things are getting so bad in Newark that the mayor has ordered the government to stop buying toilet paper.

It's part of Newark Mayor Cory Booker's belt-tightening plans that include reducing most city workers to a 4-day work week and shuttering city pools.

stopped buying toilet paper?

Why not just print it in the same way Congress is printing money?

With ten of millions of Americans living on between $1000 and $2000 per month from Social Security and Unemployment checks.....and millions more standing line line to get their checks from a government that really doesn't have the capital to pay it the countless millions of college students borrowing between $1000 and $2000 per month to pay for their college education......from banks that really don't have the capital to lend it.....

you begin to realize that there really is very little capital left in America absent government borrowing trillions of dollars each year and handing it out to whoever they please to keep the game going.

Welcome to our new Capitalistic economy where there really is not much capital......absent government printing trillions and handing it out......

And now that capital is simply a function of government borrowing money it doesn't have and giving it wonder what is the purpose of taxes?

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