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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (122821)	5/30/2010 10:18:48 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

skeeter, It would be relatively easy to get sharp economic growth going again, but we would have to allow the excesses to be worked off, merge and purge all the weak businesses, and reform the monetary system. We aren't going to do any of those things because Keynesian economics is not really about economics. It's about politics. The monetary system won't be reformed because the banking elites are in an unholy alliance with the welfare and warfare statists to pillage people via the back door of printing money in the form of credit. As it is though, I think we will eventually work off most of the excesses and start growing again. We just won't be growing from a healthy base. It will be anemic and we will be setting ourselves up for another crisis. Medicare, medicaid, pensions, SS etc... were never funded. Even if some of the surpluses those system were generating previously were set aside instead of spent, the "present value" of the unfunded liability is somewhere between 40 and 60 trillions dollars according to government's actual estimates. So when you add in the BULLSHIT factor who knows what they are.