The Inside Assyria Discussion Forum #5

=> simply FDR

simply FDR

Posted by pancho (Moderator) - Thursday, July 21 2011, 11:57:54 (UTC)
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"The money to run the Government comes from taxes ... If the national income
continues to decline, then the Government cannot run without going into the
red. The only way to keep the Government out of the red is to keep the
people out of the red. And so we had to balance the budget of the
American people before we could balance the budget of the
national Government ... To balance our budget ... would
have been a crime against the American people ... We
accepted the final responsibility of Government, after
all else had failed, to spend money when no one else
had money left to spend."

– Franklin D. Roosevelt

..only in this case there is plenty of money...it's just that it's in the pockets of a few people who prefer to gamble at the casino that the Stock Market and Banks and Wall Street have become rather than lend it out to businesses. They passed legislation over the last few decades opening up more exciting ways for them to make money, more exciting than loaning to a dry cleaning business etc. It's riskier but the returns are far greater and instant...and they lose they get bailed out by the rest of us, so why not? I'd do it too.

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