On Sun, 2 Jan 2011 04:40:07 -0500, "Tom Gardner"
wrote:

orig attribute sniped
It should be apparent that as long as the executives on Wall
Street and the transnational corporations including the
banks are allowed, indeed encouraged, aided and abetted, to
skim the profits off the top and pay minimal to no taxes
[but large political campaign contributions], the US economy
will not and cannot improve. It should also be apparent
that such massive skimming and tax evasion requires
extensive bipartisan support including the top levels of the
DoJ and IRS, so the replacement of a blue scoundrel with a
red scoundrel will change nothing.

As long as the voters keep believing the popular myths,
legends, folklore, magic spells, incantations and oral
traditions pumped out by both political parties and the
political pendants, nothing is going to change, but then no
one wants to know the truth about Santa Claus either.


-- Unka George (George McDuffee)

I don't see how it's possible to resurrect honesty, integrity and justice in
America. Term limits and scraping the current tax system would be an
absolute must for any serious attempt to halt or slow the decline of America
and that will never happen. America will never be a major wealth creation
leader again. Look at the worst of Europe, that is our future. The
mounting debt can never be paid and default is inevitable. What happens
when all the give-aways grind to a halt?
============
With the new US Congress, specifically the new House, only a
few minutes old, the Republican House Leadership notifies
us:

(Reuters) - Republicans scaled back plans for deep cuts in
government spending as they took power in the House of
Representatives on Wednesday, diluting a key promise that
helped them to victory in November's election.
snip
http://www.reuters.com/article/idUSN...Name=topNew s

It is now clear that if the People [not the government and
not the banks/brokerages] are to avoid total devastation
later, a somewhat smaller and more limited/controlled
catastrophe must occur now due to the blocking of any
increase in the national debt limit by patriotic financial
conservatives, particularly the new Tea Party legislators.

To be sure this is a desperate and extreme measure,
comparable to the emergency amputation of one or more limbs
without anesthesia because of septicemia, but this now
appears to be the only alternative to an even bigger more
total and more complete collapse of the financial/fiscal
systems of the US, in a few months to a few years, after all
liquid capital has been dissipated and all fixed/real assets
of any value have been encumbered, i.e. mortgaged to the
Chinese.


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).