Summary
Faced with courage, honesty, and strength, the economic
and financial crisis facing us, is a once in a lifetime
opportunity to build a better future for not only ourselves
and our children, but all who follow us.
The simultaneous collapse of the housing, commercial real estate,
and stock markets is scary and dangerous. Worse, it
is well on its way to exposing the failures of three
generations of politicians, bureaucrats and corporate
executives to provide a solid basis for Federal, state,
and corporate guarantee programs. As those failures
take place, the current economic crisis will become
a political crisis.
They have promised far more health care (Medicare, Medicaid, and health
insurance), retirement security (Social Security, Federal
military and civilian pensions, state and corporate
pension plans, Pension Benefit Guarantees), financial
security (Federal Deposit Insurance (FDIC), mortgage
guarantees (Fannie Mae/Freddie Mac)), then can ever be
delivered.
No one will receive all that they were promised, but
everyone can come out better than they were. The only
positive solution is to give the people
of the United States (the voters and taxpayers)
direct control over the difficult choices that must be
made, both as individuals and at all levels of government.
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