Wednesday, November 10, 2010

Debt Commission Report

Those who follow the periodic usually drunken but strikingly prescient musings of Smuckers know the deep deep resentment this author feels concerning the past and ongoing (via the Fed) bailouts that will inevitably be paid for with cuts to social services and inflation, thereby further punishing the working classes until they reach a breaking point and there occurs a (possibly violent) reaction. Today was just the first salvo in the upcoming assault against social security and other benefits. What isn't reduced outright will ultimately be reduced by an inflated dollar reducing the real value of payouts. It gives me no pleasure to write this.

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