ILLINOIS LOVES YOUR TAX MONEY « The Burning Platform

Bailing out the states, just another unfunded, off the books, unanticipated(?) expense which will leave the US high and dry.

I'm with Hope on this one, what're the feds going to do when all fifty states secede, or call a constitutional convention? The trouble is, what then?

We could tweak the system to become more manageable and sustainable, and could have done so at any time since the end of WWII. It was tweaked, alright, to the advantage of the financiers and industrialists, the same parties which caused the first depression. To the point the economy is out of control, which Bernanke just admitted with his open ended purchase of toxic assets, totaling total $15T, further bailing out the financiers, and further worsening the circumstances which caused the imbalance in the first place, namely wealth inequality.

How does one address the issue of wealth inequality? It isn't going to matter at some point. Thankfully, we have a savior in Christ Jesus, because God knows, there's little that can be done to avoid the consequences of mal-investment caused by the feds policies. What are the banks going to do with $40B a month into the foreseeable future. Buy treasuries? This should be interesting.

Jesus may have been on to something,

“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money." (Matthew 6:24 ESV)

Bernanke would have done well to heed to the teachings that were available two thousand years ago, so he has no excuse.

ILLINOIS LOVES YOUR TAX MONEY « The Burning Platform