Concerned about the mounting federal debt, the impact of pricey, pork-filled stimulus packages and what that could mean for your family and progeny? A new blog called The Daily Bail launched several weeks ago (I found it through Patrick.net) to provide regular updates and to assemble the masses to voice their concerns. From the site's About Us page:
The Daily Bail launched 3 weeks ago and we exist to fight the immoral transfer of trillions in debt from private banks onto the backs of future generations. If not stopped there will be $10 trillion of debt created by our government in the next five years, and most of it given to the banks. That amount is equal to our entire national debt for our first 232 years as a nation...
A special message to young people finding us through Twitter. This is your revolution and you need to help lead it. With respect, you need to wake the f up and understand that it is primarily your cash headed out the door and straight to the failed banks. And not to rub salt, but they just paid themselves over $18 billion in collective bonuses for their outstanding work in 2008, with your money.
We have a program building behind the scenes for letting Washington know what you think. But we have to achieve critical mass first. It's going to demand that a million of you, from teenagers to seniors call Congress and The White House on one day. It's one of the things we have in the works and we'll be announcing details soon in collaboration with partners...
My money (pun intended) is on eventually and deliberately inflating our way out of the debt because this country simply isn't ready for debt default, austerity measures, falling wages, chronic deflation and millions of foreclosed families. And what's been a decent hedge against inflation in the past (besides gold?): real estate. That is, after the current bust...
1 comment:
Right on!....No more bailouts period! We're weighing down the future generations' potential and dreams.
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