October 14, 2010
No, seriously. In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, […]
November 28, 2009
If this Republic continues to spend this way eventually the consequences will catch up with us. Whether that takes the shape of a worthless dollar, massive inflation, sky-high interest rates, or some combination thereof is unclear now. What is clear is that the day is coming when we won't be able to charge our absurd spending on credit and, when that day comes, this nation will be a very different place.