Last year I described what I believe the problem with bailouts was. Simply that you can not spend money you don’t have to pay down on a debt (dahh, that creates a debt).
Well, as predicted the Ponzi scheme didn’t work and… inflation is coming. Inflation and more taxes (and health care.. but that is another topic).
Anyway, here is the problem:
o The government is spending to much of our money.
And the solution is:
o Stop spending Use the Fed to manipulate the value of a dollar and also raise taxes on every working American
And when that doesn’t work (because we will loose jobs) we will hear how legalizing 20 million criminals will solve all our financial woes.
The bleeding continues….