Interceptor please readhttp://www.depositaccounts.com/blog/the-fdic-is-running-out-of-money-is-your-money-safe.html
When the FDIC needs more money it has to borrow from who? The Government - the Treasury ....
now read thishttp://online.wsj.com/article/SB10001424052970204731804574385072164619640.html
so in 2009 the FDIC went to the well (the US Treasury) for more money to shore up commercial banks who fail. This is of course for the purpose of "protecting depositors". As more banks failed in 2008 the FDIC was running out of money. While an honorable thing (protect depositors from poorly run banks) in all reality the FDIC had to be bailed out as a private agency of the government. So where did the Treasury get the money? Well the Federal Reserve prints it of course ...Now we all know the Federal Reserve is NOT owned by the Federal Government but rather by a consortium of private bankers who control essentially our supply of money in this country. Now of course this currency they control is a fiat currency backed by nothing except a promise. A promise from who? The government!! The same government who is 16 trillion dollars in debt and who can't stop spending, borrowing and propping things up they created or want to control. So..... we (the people who work) pay interest on that debt and new spending programs via taxes.... and therefore taxes need to be raised etc.. etc. because the government needs more money to pay to monitor even more regulations and to set up more programs that won't work. and so on
You cannot borrow your way into safety or prosperity. and you can't print enough money to keep things like the FDIC solvent. At some point a broke government can't continue (think Greece on a much bigger scale) and thing start to implode and more control is needed by a military type force to keep things from chaos. What eventually emerges from a police state is some sort of chapter from George Orwell's "1984" It is possible this could happen sooner rather than later...If things get that bad in my lifetime then having a few guns won't help protect me from a "Big Brother" government. In the meantime I want to be armed for a variety of reasons and won't acquiesce my constitutional right to have them in my home.
Nickagenta ...thank you for your reply but unintentionally it was a bit insulting.
I respect that. And while I do not know you or where you have lived, you did say you live in kansas and was from the Ozarks. Sp perhaps you haven't a lot of experience with good government.
Kansas state government works much better than the Federal government you seem to value so much (not a high bar to jump over I know) This better performance is from a fiscal standpoint so you should perhaps check that out if you so desire.
Kansas is not a poverty state by any stretch of the imagination. A majority of Kansas citizens do quite well. I am proud to say Kansas recently turned down Federal government assistance to jumpstart Obamacare in Kansas. This money we turned down was to help start a Health Care Exchange ....As a related side note I was invited to be a member of the Kansas committee to investigate the formation of a state based and state run health care exchange due to my 20 + years in health care. It was a disaster from the start as state government employees having a limited understanding of real health care issues immediately got mired down in their inefficient world of regulation, politics and just ignorance on how to get something up and running effectively. Lots and lots of meetings and zero results. Spent lots of taxpayer money though.
Trust me, Nickagenta I have had plenty of exposure to government but none of it impressive.
Earlier in my career I was a lead finance negotiator for Boeing (in Kansas) and I negotiated (as part of team) with the Air Force on the B1-Bomber Program and the B-52 OAS/CMI program. In this job I also dealt extensively with the Governments military auditing contracting agency - the DCAA ( Defense Contract Audit Agency).
I was often quoted as saying (as were others) that the only entity who I saw who were lass competent in doing things efficiently than Boeing in building military airplanes was the Air Force and the DCAA in trying to say what they really wanted and needed and how they should be built. They (Air Force negotiators and DCAA) wasted more time changing their mind and instituted more stupid regulations than Boeing could keep up with. This is why you end up with the famous $2,000 toilet seats you hear about.
So I have lots of experience and exposure with government.
Finally my father worked for the government for many years and retired early at the age 47. Why? Because they were driving him nuts in how he did his job of designing, redesigning, and setting up Post Offices across the midwest in the 1960's. The good thing is that they paid him so well and gave him such good retirement benefits that he could retire at 47. He retired to the Ozarks built a new house on a beautiful lake and worked part time to supplement his early retirement income provided by the government at taxpayer expense. And yes we all wore shoes and we didn;t make moonshine.
In retrospect the government should never have provided my father such great retirement health care and benefits for an early retirement. But they waste money like this everyday and in a billion/trillion ways different ways.
I will never convince either one of you about the value of limited government. To me, something other than a very limited small government is a direct path to socialism. You of course can't convince me of your beliefs in so much faith in government including the government taking more and more control of things like guns....not sure why I even came in here to bother and discuss... waste of time ....thank you though