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Voting Your Way to Prosperity

Pistol Wrote: Dec 08, 2012 6:37 AM
We are looking at the prospect of using money from solvent states and tax payers to bailout cities and states which have squandered their wealth on PC BS. The situation vis-a-vis Germany and Greece shows the likely path we will follow. Good faith transfer of wealth from winners to losers, labeled as "investment and stimulus" and based on promises of reform. The money will be used to maintain failing institutions and nothing will change, leading rapidly to the need for further bailout. After several of these cycles, it becomes apparent to the most casual observer, bailouts are a waste of money, and German politicians realize they can't keep giving away voters money and the bailouts stop. In Greece' case, after about $200,000,000 worth
Pistol Wrote: Dec 08, 2012 6:44 AM
of bailouts that accomplished exactly nothing but kicking the can down the road a few months. At this point, Greece can not maintain her EU obligations and all the commentary i've read says its only a matter of time until Greece is out of the EU and on her own.
Something similar will probably take place here, up to the point where Greece leaves the EU. What happens in Florida or Texas or other solvent states when the voters are asked again to contribute to providing $100,000/year pensions for 55 year old California firefighters? I truly hope i live long enough to see what happens. Its got to be interesting. Ben Franklin said "..if you can keep it, Madam". Franklin was one of history's wisest men. His vision penetrated 250...
kenneth416 Wrote: Dec 08, 2012 10:58 AM
Pistol, you seem to be saying that Detroit used its portion of the Stimulus unwisely. Not us here in Las Vegas--despite the crumbling roads, we chose to build several "pedestrian bridges." These beauties are something to behold--very nice. There is just one little problem--no one ever uses them. Well, not exactly true--I did see a couple of lost tourists last week crossing Desert Inn Road via a ped bridge. Meanwhile, DI Road itself is so bumpy it jars the filling in one's teeth.
Pistol Wrote: Dec 08, 2012 11:20 AM
Yes, Kenneth, but the pothole contractors came in second in the campaign contribution derby, so the winners get the cash. If the ped bridges don't fall on the heads of the motorists, like the Boston tunnel, and other pork projects seem to be doing lately, consider the bridge builders as honest crony capitalists.
"Our people in an overwhelming way supported the re-election of this president and there ought to be a quid pro quo and you ought to exercise leadership on that… Of course, not just that, but why not?"

"After the election of Jimmy Carter, the honorable Coleman Alexander Young, he went to Washington, D.C. He came home with some bacon. That's what you do."

Joann Watson
Detroit City Councilwomen

The first crack in the floodgates opened this week, when Detroit councilwoman Joann Watson demanded a quid pro quo from President Obama in the form of a federal government bailout of the beleaguered city. The...
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