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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (7910)2/6/2008 1:24:28 PM
From: Bill on the Hill  Respond to of 50497
 
Ron says,

let the banks take back houses from all the subprime defaults and let the market correct itself without government intervention- where the TAXPAYER foots the bill to bail out the banks.

like that's gonna happen....

instead the government will privatize the assets and socialize the debt.



To: RonMerks who wrote (7910)2/6/2008 8:59:29 PM
From: Kpain  Respond to of 50497
 
I agree. We can't fund more and more entitlement programs and one hundred more years of war without a huge tax increase or printing more money. Taxes may increase some but we all seem to be betting that monitization is the way we are really going to be hit. What would things look like if gold went back to 550 and the dollar back up to 100? Who would feel that pain, if any ;) ?


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