While the government struggles to save one crumbling enterprise at the expense of the crumbling of another, it accelerates the process of juggling debts, switching losses, piling loans on loans, mortgaging the future and the future’s future. As things grow worse, the government protects itself not by contracting this process, but by expanding it. - Ayn RandFor those of you who advocate a generous Welfare State, you should know that general reliance on Government handouts is bankrupting this country. And the rate at which it is doing so is accelerating. Defense spending is also contributing to the demise of our system, but right now the ranks of those who take from those who produce is growing quickly. Obama's Administration has been instrumental in expanding the base of people who suck from the system.
This scenario is very similar to the scenario that unfolded in "Atlas Shrugged." I wanted to link an excellent blog post from Economic Collapse that details just how egregious the situation has become. Caution, only read this if you are prepared to get angry or sick. I read it this morning and I've had a case of stomach flu ever since: LINK
To make matters worse, I'm sure many of you have now heard about the unbelievable spending junket that a GSA conference in Vegas turned into. Apparently the GSA spent close $150 grand on food and drinks and $6300 on commemorative coins for participants. Gee, I guess those coins really help GSA personnel do their jobs. It turns out that the regional commissioner who planned this conference was subpoenaed to testify before Congress and, of course, he invoked the 5th Amendment. He did this even in response to a a basic question about whether he attended. LINK If I lived near this Jeff Neely, I would make sure that I left a big pile of my dog's shit on his front porch every morning. If I were on the House panel that was grilling him, I would have asked him he if patronized a prostitute while he was there and whether or not that cost was expensed.
This is YOUR taxpayer people. It really makes me feel good about getting out of bed everyday early and working late most week nights in order to make a living to pay for my housing and food AND to pay for Jeff Neely's commemorative coin and hooker at a Vegas junket that pissed away close $1 million in taxpayer money.