"Freedom Isn't Free"

What a wonderful country we live in... what lucky people we are! Yet being free, and living in such a blessed democratic society, comes with a price. We neglecting our obligations! [more]

InfoImagination posted this material years ago. Today, 9.17.07, Alan Greenspan, who has been "looking at the world economy since 1948,"" commented about the recent Republican administration of our nation. When asked about his relationship with both Bush presidencies, particularly George W., Greenspan said:

Where I had difficulties were on the fiscal side. We had a situation where the Republican Party had the presidency and both houses of Congress and the surplus. And I said, "Nirvana." We dissipated it. In the election of 2006 the Republicans deserved to lose, and the reason is that they had originally come to office with major policy initiatives, and they went out of office solely seeking power, and in the end they achieved neither. And I find that very saddening.

What should we be worried about most right now in terms of the economy?

Strangely enough, I think it's politics. We have a dysfunctional political system in the sense that there are very serious fiscal problems out there, most importantly Medicare. As best I can judge, when the baby boom retires, we are going to have to either raise taxes very sharply or cut benefits by half. No politician wants to confront this. And this is a very sad event because what's at stake here is the fiscal stability of the American government.

How will it be resolved ultimately?

... Prudent policy would be to adjust the longer term now, not when it becomes a serious problem for people who have already retired and are told after the fact that they will not be getting the real Medicare that they expected. Tell them now, when they're still not retired and have the choices of working longer or doing other things to adjust.

I think it's unethical and immoral for a government, when confronted with these types of events, not to take action. What do we elect people for? Source: Money.CNN

InfoImagination agrees completely! What do we elect people for? Why does half of America support the Republican agenda, which is bankrupting our nation, impoverishing millions, neglecting millions more -- yet most importantly, their war over oil in Iraq, their tax cuts for the most rich, and their failed "trickle down" economic strategies have imperiled your retirement and standard of living.

You refuse to act or get involved, but you will not be retiring as you planned. We warned you!