Jan 04 2012

Secret Bailout Funds: Revealed

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Hat tip to Linda! (A brief ad precedes the clip). A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest. Jon Stewart pontificates.
Jan 04 2012

What happens when the money runs out?

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“A democracy will continue to exist up until the time voters discover they can vote themselves generous gifts from the public treasury.
“From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”
Attributed to Alexander Tyler (Tytler) – a Scottish history professor at the University of Edinburgh (1787) speaking about the fall of the Athenian Republic 2,000 years earlier.