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From Jim B. - A even more ginormous bondoogle?

It might be noted that treasury bonds are backed by the full faith and credit based on the American people's productivity and labor. 


Jim C wrote, "Congress passed laws that now required pension funds to stock their freezers too" - meaning that American people's pensions funds have bad bonds forced into them by Congress.


Congress has power of the purse - to waste American people's productivity and labor - virtually at will.


I'm sorry to inform everyone - Re-Publics alway die because of corruption (since roman times) due to re-presentation of people's self and mutual national interests being magically transformed into government's self-interest in itself - Magic inc.


Gee - what other ways does congress waste American people's productivity and labor. This one will likely shock you to your core! 


Whose self-interest?


There are the rules and then how things are done.



all my best,

jim b

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