America is a much freer place than it was a few decades ago, and one way you can tell is that changes once considered unthinkable now occur almost unnoticed. A case in point came when New Jersey Gov. Chris Christie signed a bill to legalize online gambling.
On a daily basis, I see headlines that entice the general public to get on board: “It’s a Buying Opportunity” and “The Big Banks Smile on Equities.”
Democrat Senate Majority Leader Harry Reid hasn’t had time to pass a Senate Budget in nearly four years but he’s found a way to give states more debt and unemployment headaches. As states struggle to balance their budgets in the worst economic recovery since the Great Depression, Senator Reid wants to federalize online poker, effectively robbing states of BILLIONS of dollars in lottery revenue.
We’re talking about the foolish idea of having Germany (with a few other small nations chipping in) guaranteeing the debt of Europe’s collapsing welfare states.