is about one trillion, twenty-seven billion, eight hundred million dollars for 2009. In addition to the exorbitant costs of Medicare, Social Security, “foreign aid,” and the bailouts and recovery acts, this behemoth simply must be addressed, or else, as I have said before, the game is over. The current gaggle of whores in the District of Criminals are bent on further “regulating” the financial sector, which is to say soon-to-be-ex-senator Dodd is proposing that a new, “independent” regulatory oversight power be given to the Federal Reserve Board. I’m not kidding.
I will be posting – this time I promise – a follow-up post concerning financial and monetary reform this week, and there will be links to lengthy, scholarly support for my positions, as well as recollections from my recently deceased uncle, a PhD (University of Chicago) economist who retired from the University of Missouri with an extensive background in agricultural economics and economics in general. I hope many of you will find it enlightening, or at least interesting. Feedback and respectful discourse will of course be welcome.