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Friday, January 22, 2010

This is how America goes bankrupt

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…

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