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View Diary: Wall Street is Doing it Again: The Looting of America Continues (128 comments)

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  •  Glad you brought this up. (3+ / 0-)
    Recommended by:
    burlydee, Ray Pensador, NoMoreLies

    Dems seem eager to saddle municipalities with debt without even thinking of the consequences.  Here in Denver, we just approved more debt for the schools.  And who is going to pay back that debt?

    If the US keeps going at the rate it is, there aren't going to be enough good wage earners to tax in order to pay down the debt that cities are taking on now.   And the tax rates are now so low [for higher earners and companies] that government can't raise enough revenue to keep up with ordinary expenditures, much less capital improvements.

    And nobody seems serious about the jobs issues.  How are we to pay debt if there are so few wage earners?  And to think dems are shoving the debt down everyone's throats is even more amazing.

    The banks have a stranglehold on the political process. Mike Whitney

    by dfarrah on Fri Feb 01, 2013 at 09:00:53 AM PST

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