Ready to collapse. (Photo credit: gbaku)
This article, The Structural Endgame of the fiscal Cliff, at peakprosperity.com, by Charles Hugh Smith, whose site is oftwominds.com, is the sober reality about where we really are economically and politically as a nation. When our political leaders say “the wealthy among us have to pay their fair share” they are trying to get you to think that the primary reason the Government is in so much debt is because these “wealthy” aren’t taxed enough. Like a magician trying to get you to look over here while the exchange is taking place over there, these spend thrift politicians hammer the “wealthy” as greedy because, for some crazy reason, they don’t want to pay more in taxes than what they are legally bound to pay, while these same politicians who greedily spend 1.3 trillion dollars more than they take in taxes, are being ignored, as the primary reason for the debt problem. Here are some quotes from the article. (more…)
AUSTRIAN ECONOMICS ADDICT 