USSA

Take a look at just two little points of the proposed $700 billion (minimum) federal bailout of the mortgage asset mess in this country:

Sec. 8. (Review) — Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Sec. 10. (Increase in Statutory Limit on the Public Debt) — Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

That’s $11.3+ trillion dollars. The public debt of this country, after this proposed bailout, is now approaching $38,000 each for every single man, woman, and child in this country. But do not ask for any accountability from the federal government for how far deeper they are driving us in debt, because their decisions are not subject to review by any authority whatsoever.

They say we are in a financial crisis, and we should fear the consequences if immediate action is not taken. And we are told the government is acting in our best interest. I’m not an expert in economics, but I’m also not deaf and blind. This song sounds familiar. It’s the same way we invaded Iraq. It’s the same way we tortured “enemy combatants.” It’s the same way we greatly expanded domestic surveillance.

The public debt is now underwriting the elite class in this country. One morning recently I woke up living in the United Socialist States of America. I wish the rest of the country would wake the fuck the up and take notice.

One thought on “USSA

  1. mj says:

    Every time this administration tells us we have a crisis upon which we must take action, I keep hearing Ellen Foley screaming “I gotta know RIGHT NOW!!!”.

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