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Tuesday, November 11, 2008

Loot First, Pay Later


American Scofflaw

The ultra-rich were ready to grab the largess of the Bush bailouts, but now that the bill has come due they are terrified that those who gained the most from the bailouts shall be required to bear a fair share of its costs.

The sad reality is that it does not matter who won the election, the next President has to raise taxes significantly to repay all the loans the Federal Reserve made to hand those billions to corporate America or risk the collapse of the economny and the government.

It may happen anyway, but the populace must be looted first. It is the natural order of things, you know.

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