WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.When will this insanity stop?
500 billion more dollars authorized by the government, borrowed by the government from who knows where, which we will have to repay with interest, to protect bank accounts in banks destroyed by government monetary policies.
Bet none of you ever relized just how fabulously wealthy we Americans are... to be able to have our governmnet just run up trillions and trillions of dollars of debt... and then confidently claim us ordinary citizens will be be able to cover it all.
Pity the poor fools who are going to have to pay the piper for all this. That would be our kids - of course - but wait, we've aborted 35 million of them, so it'll have to be our grandkids... but wait, there's no kids to pop out a generation of grandkids, so I guess it's us on the hook after all.
No problem... We'll just print more money. But wait....
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