Of all the problems we've had over the past two years, perhaps the worst is what's been happening in Congress. Rather than look at itself and understand that it's the institution that's supposed to control the rules of the game, it points to Wall Street and says they're to blame for making things bad. Former Labor Secretary Robert Reich looks at Sen. Christopher Dodd complaining about Wall Street and says that Dodd complaining about Wall Street is like an alcoholic complaining about the bartender who gives him more drinks when he only wanted one. Indeed.
At issue is how bailing out Wall Street over and over, coupled with the continuous and seemingly never-ending costs of the wars in Iraq and Afghanistan, drains our national treasury. As I've pointed out before, because they're not being paid for today the wars in Iraq and Afghanistan constitute a "hidden tax" on our future. Worse, war coupled with the incompetence of Wall Street are putting a drain on our larger economy, which the Director of National Intelligence, Dennis Blair, points out poses a greater threat to our country than al Qaeda.
This article makes it clear that reckless financing is the real threat we face as a nation. Why? Because "More empires have fallen because of reckless finances than invasion ..." I couldn't agree more. Read this article. It's a good one.
- Mark
No comments:
Post a Comment