No Easy Button for America

BREAKING NEWS: A revised $700B financial industry bailout bill passed Senate by 74-25 vote tonight; the House is to vote Friday

Government interference, corporate irresponsibility, public ignorance in part—a trilogy of events that has lead us down this path of economic calamity. Unfortunately, there is no “easy button” for this dilemma; there will be no easy street for Wall Street or Main Street. Either strategy, the pay out or play out, has its share of consequences that will likely burden America for years to come. And while the economic fate of America hangs in the balance waiting for elected officials to act, what are we to do?

Trim the fat—America needs a diet!

For government:

  • Govern more and meddle less when it comes to business
  • Don’t prostitute citizens to big business but protect them from it
  • Reduce wasteful, excessive spending
  • Don’t accept handouts from corporate America (or other special interests)

For corporate America:

  • Stop the madness of overinflated executive salaries at the expense of the company’s performance
  • Limit risky ventures like sub-prime lending
  • Run lean even in prosperous times
  • Don’t expect handouts from the government

For the American people:

  • Reduce debt, spend frugally, increase savings
  • Quit confusing privileges for entitlements
  • Don’t expect handouts from the government
  • Hold your public officials accountable
  • And by all means—VOTE!

Here’s a question:

$10 trillion deficit overall, $400 billion budget deficit just this year and the US government has the audacity to describe their plan as a “bailout” and “rescue.” Does that even sound logical?

The answer to bad government is not more bad government, to paraphrase Jeffrey A. Miron, a senior lecturer in economics at Harvard University.

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One response to “No Easy Button for America

  1. I think my idea was better.

    Maybe we can get access to the Porterican Rum, the wooden arrows or something.

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