September 30, 2008

Class War

I wish I could remember who said this first, but I read where some old social scientist said that the problem with democracy is that, eventually, the majority figures out that they can pass a law that just gives them all of the money in the society.

Consider that as you think about the current credit crisis. Eight years ago, we had a massive surplus in taxpayer revenues. Today, we're on the cusp of the biggest deficit in our history, and the vast majority of that money has gone to private entities with no oversight or competitive bids. And now they want to give an extra trillion on the way out the door.

I'm sort of in agreement with Randi Rhodes - we may be witnessing the biggest bank heist in the history of mankind.

And it's an inside job.
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