Monday, September 15, 2008

Poker Bluff

In poker, when a player keeps bidding higher on a nothing-hand, it's called a bluff. In government, when they back two major banks with money they don't have, it's called a bailout. Hello???

With the expenses from an ill-advised pre-emptive war in Iraq, a budget close to half a Trillion dollars, and a national debt at nearly $10 Trillion, we (the taxpayers) can't afford to finance Fannie Mae and Freddie Mac which have $1.6 Trillion in debt outstanding. The Bush Administration has been so focussed on their personal little war, they've failed in their duties to manage the U.S. economy and everything that contributes to it. Now, taxpayers are once again stiffed for another hefty bill while those responsible for the mess walk away without penalty.

I'm beginning to think we need to buy dictionaries for those we've elected to serve in congress and the white house ... and that we should underline certain words and place bookmarks for easy reference, you know simple words you and I understand, like: budget, ethics, deficit, debt, corruption, bribery, earmark, democracy, socialism. I'm sure you can think of a few more as well.

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