Commentary: America's $53 trillion debt problem »
Posted By STONERS 1 month, 2 weeks ago in PoliticsThe Emergency Economic Stabilization Act contains plenty to make lawmakers on the left and right shudder. On the right, it's the apparent abandonment of free-market principles. On the left, it's the absence of punishment for high-flying Wall Street CEO's.
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STONERS1 month, 2 weeks ago
"With numbers and trends like this, you might ask, "Who will bail out America?" The answer is, no one but us!"
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"Since we're going to have to save ourselves, recent events could hardly be called encouraging. It took an additional $100 billion in incentives -- some would call them "sweeteners;" others might call them bribes -- to get lawmakers to pass the rescue package. Regardless of what you call these incentives, ultimately the taxpayers will have to pick up the tab, with interest."
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