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This is how America goes bankrupt
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Thursday, January 21, 2010
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By Daily Crux Editor Justin Brill:

A new “shocker” from Washington…

Senate Democrats just proposed allowing the government to borrow a fresh $1.9 trillion to cover its bills. The increase would lift the national debt to $14.3 trillion.

Where does our money go? To buy votes, basically. Rather than drastically reduce spending, our politicians are shoveling out tons of money to car companies (to get the union vote), food stamp recipients (to get the poor vote), to the military-industrial complex (to get the war monger’s vote), and to busted homeowners (to sop up the rest).

This is how America goes bankrupt…

Read full article...

More government stupidity:

Why the bankruptcy of the U.S. will be a good thing

Must read: Dan Ferris on awful "Atlas Shrugged" developments

One of the worst scams ever foisted on the American taxpayer...

Topics: Bankruptcy | Government Stupidity | Boondoggle
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