Socialism cannot compete!

What Happens When Banks Are Nationalized

People are complicating the obvious when they talk about all of this. The core problem is simple, and the solution is simple. Core problem: too much credit. The average American is tapped out. Why? 30-40% of their gross goes to Fed taxes. That's the first hurdle. Then they face the others -- state, local, property, sales taxes, etc. Hardly any discretionary left after that, so they turn to credit. The solution: we've GOT to lower that first hurdle...DRAMATICALLY.

The solution the government has been pursuing, and continues to pursue, is *more credit*...more socialism by ever-bigger government, as it buys *private* debt and assets...and attempts to clear the way for easier credit again! It's a big ramp-up of spending and debt!! The absolute opposite of what is needed.

Kill the debt problem by drastically lowering that first hurdle, and you *automatically* get consumer spending going again -- it will help many with their mortgage payments, thereby resolving a good portion of that...and also help with additional discretionary spending. And not only *without* the moral hazards of the government socialist big-spending "solution"...but with an *increase* in the justness and moralness of the economic structure!! Because giving people back more of what is theirs is **ALWAYS** the right thing to do!!

C'mon people, let's get on our Senators and Reps to rethink all this and CHANGE DIRECTIONS!!