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Let me fix that for you Rob.
[quote]And creates a precedent that mandates more bailouts in the future. [/quote]
Expectations are for those outside of the beltway, precedents and mandates transfer authority and responsibility from those outside the government and hand it to those within.
Have the self-proclaimed Masters of the Universe among us adopted a behavioral repertoire characterized by unconscionable super-human greediness, the likes of which this world we are blessed to inhabit has never before endured and cannot much longer sustain?
What is to become of our children, whose future is being mortgaged once again this week and threatened more seriously with every passing day?
When is my not-so-great generation of rapaciously consuming and relentlessly hoarding elders going to stop its disturbing behavior of dropping problems of our own making into the laps of our children?
The financial engineers who manufactured the spurious business models and Ponzi-like schemes that are undermining the functioning of the global economy today need to take some responsibility for their greedy behavior rather than pass along the colossal debt derived from their subterfuge for our children to repay.
Steven Earl Salmony
AWAREness Campaign on The Human Population, established 2001
http://sustainabilitysoutheast.org/index.php
Mr. Salmony,
Given the obvious depth of your feelings on this subject, perhaps you should focus your attention first on our Social Security "Ponzi scheme" and those responsible [i]that[/i] rapacious tax on all of us... particularly in the last 40 years since the advent of "unitary budgeting." Hmmm?
I won't disagree with the economic benefits of eliminating the tax on Capital Gains altogether, but a more reasonable and achievable goal would be to make the Bush tax rate cuts permanent while indexing cap-gains for inflation, and then lowering the corporate tax rate.