Comments on: Loans to Congress – The Untold Debt Story

By: Genesis

Genesis — Tue, 10 Nov 2009 15:57:16 +0000

Not only is the government not an eelymosynary institution, it’s not a philanthropic institution either. (Just being facetious here. Please don’t throw another big word at me!)

The Geoffster wrote:

> stocknerd: Have you ever given a dime to charity? Where did you get
> the idea that government is an eelymosynary institution?

By: Zachary Scheidt

Zachary Scheidt — Tue, 10 Nov 2009 15:56:00 +0000

Thanks for the comments guys – while there are so many different opinions on how to “fix” our system, the excessive borrowing from future generations is incredibly concerning.

To quote Bill Bonner, “It’s not just immoral. It’s fundamentally wrong – and mean – for one generation to spend the next generation’s money.”

By: The Geoffster

The Geoffster — Tue, 10 Nov 2009 15:55:22 +0000

stocknerd: Have you ever given a dime to charity? Where did you get the idea that government is an eelymosynary institution?

stocknerd wrote:

> It is a wordy end of the world article. Edit out 500 words, it droned
> on and on and on and. . . Loans to Congress is the ONLY way we got
> out of this recession scenario. Yes, we are out, sorry some of you
> for the good news. Do we really want the conservative approach to
> economic recovery of “Let’em eat cake” and let’s not help anyone
> EVER?

By: oilsands

oilsands — Tue, 10 Nov 2009 15:54:32 +0000

Thanks, Zach. So many people are in denial about the consequences of our policies over the past few decades that it is important to state the obvious. We will have to pay the piper. Or should I say, our children and grandchildren will pay. Radically reduce oil consumption, end the importation of oil from the middle east, do preventative health care, educate our children to cope with the harsh economic realities we face, and develop our free alternative energy sources and we will lessen the pain. We owe that much to our children. Expose the huge subsidies given to foreign oil companies and our coal companies so people will understand the true economics of alternative energy. Those who are getting rich off those subsidies have bought our congressional reps, so it will be a tough fight.
Educating or children to be “good employees” when most of the jobs around won’t support a family is morally wrong. They need to be trained to make their way as independent contractors.
Health care costs can be slashed without denying it to millions of Americans. But the major pharmaceuticals and many other parts of our health care for profit system don’t want that to happen. Again, Congress is bought and paid for, so it will be a tough fight.
Doctor shortage? Who controls the number of doctors? Doctors.
Our system is ridiculous. All we have is a huge number of legal drug pushers. And the drugs don’t even cure. Why, because the major pharma corporations have no financial incentives to use the stuff that would effect cures. The right way; the moral way, is the cost effective way. Business as usual is immoral and is bankrupting us.

By: Stocknerd

Stocknerd — Tue, 10 Nov 2009 15:54:06 +0000

It is a wordy end of the world article. Edit out 500 words, it droned on and on and on and. . . Loans to Congress is the ONLY way we got out of this recession scenario. Yes, we are out, sorry some of you for the good news. Do we really want the conservative approach to economic recovery of “Let’em eat cake” and let’s not help anyone EVER?