"Jim" wrote in message
...
Richard Casady wrote:
On Mon, 17 Nov 2008 22:17:33 -0500, BAR wrote:

No need to rip or beg from taxpayers
like beggars and thieves

No. Rip off the shareholders, especially the widows and orphans.

Casady

The share holders bought into the risk. We didn't

For GM, yes. I agree. For bank stock holders I agree. So what if any or
all of them go bankrupt? They are in fact bankrupt!

If the government is serious about getting the economy going they need only
do just 3 things.

1) Ignore bail out whiners. Simply turn them away. No more government
money for banks, GM or anyone else. Only the insured bank accounts and that
is it. People need to look after themselves and read the Three Pigs. Save
for a rainy day. Become more self sufficient and no look to pick the
pockets of others for a living.

2) Whack taxes leaving more in the middle class working persons pocket. The
tax reduction is targets straight to the middle class taxpayers. This
infusion of hard currency is needed so they can pay mortgages and buy stuff
and real long term stimulus. No $300 quick fix here girls and boys.

3) Whack the spending in government and don't print or borrow more money.
Government has to downsize to fit. Start paying down debt not with currency
credit (print money) but with real currency. Yes, this probably means 1/2
the size it is now. 20 years of debt and print now demand payment.

People will have to start paying their debts or this will go further down
the hole than 1929. And I figure if government does not put it's credit
card away long before Christmas, 1929 will look like good times.

By the time this is over being a debtor not paying your bills will revert to
the old ways. Servitude until it is paid.