Sunday, October 19, 2008

Thanksgiving...

The collapse of financial institutions and the bailout mean that the deficit may exceed one trillion dollars, which even for an economy as large as the US, is some serious debt. The lack of care in the government under Bush has been matched by the lack of care in private regulation: badly inflated values have come home to stall the markets with uncollectible debt. And while many have walked off with millions, a few with hundreds of millions, the US taxpayer once again pays nearly $700 billion. The Iraq war designed and operated to liberate $Billions for the friends of the political elites has been another success and the taxpayers again have paid.

Now there is continuing discussion of health insurance, and a health provider industry that will not easily accept price control from the government, and people are faced with the prospect of being told the government cannot afford a $30 billion annual expense for universal coverage; and the need to grow new jobs, rebuild aging infrastructure...all potential victims of a budget squeeze between friends in the war business and friends who have performed acts of war on business... I think we are approaching a point in time, when people will no longer accept that their lives are less important than one of the the richest oil producers in the middle east and the world, or billionaire investment people in the the western world; one of those $700 billion payouts could transform life in the United States for the people who pay the bills...IMAGINE THAT... college for anyone who wants to go, medical insurance for all; an effort to train and retrain workers with pay; ...sounds like a reasonable use of a few hundred billion?... and the lessons are out there, by the Billions...now.

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