Sunday, September 21, 2008

Socialism

We're told: We need smaller government, we need less regulation. That is, until greed and catastrophe threaten to ravel the warp and woof of the nation. Then we're told that we must privatize profits and socialize the risk. How ironic it is that
George W. Bush, champion of privatizing the Social Security program, decides to socialize the U.S. financial system instead.

But who will pay the 1 trillion dollar price tag?

We will, to some extent. But most of that debt will fall to our children and theirs. And that's a threat to the moral fabric of the nation.

More from Notions Capital.

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