Why is 9.09 SO IMPORTANT
August 31, 2009
– Comments (7)
Because you can't have a Democracy and a Capitalist Economy based on hot air.
In the last five years, the banks infected our economy with trillions of toxic loans driving much of our short term prosperity. Now that the banking system is cutting off credit to the private sector....our credit depdendent private economy is evaporating.
As the private economy dies, the tax receipts to government contracts at a time when demands on government are exploding and consuming over 50% of GDP.
We now confront the most serious economic problem in our nations history.....we can't sustain the consumption of our current capitalist democratic government and avoid going into The Biggest Depression in our nations history.
We will have to choose one or the other under the current Zombulation path....with credit being cut off to the private sector...there is simply no more money to support our government in the current form.....
We can shrink our government/economy to a sustainable level, but that will result in a massive cut to GDP...or government can come in take over everything we have to maintain itself.
This is where the tensions will develop...your politicians want to get paid versus your desire to keep what you have. The following is a true story...I have a close friend whose vacation home tax assessment was lowered recently $400K but his taxes went up $2K....so much for being taxed on the value of your home.
We can't have our cake and eat it too....a high spending government driving our economy and a private economy shutting down due to credit being cut off from the bankers....not for very long in a capitalistic democratic wrapper.
One has to go...let's hope we get to pick. But if things get too bad and too many become dependent on government....the outcome will be pretty easy to predict.
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