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<p>[QUOTE=&quot;medoraman, post: 1208139, member: 26302&quot;]I was trying to be somewhat facetious in that post but evidently failed. Everything you say about voter apathy, baby boomers, etc is true. However, in a Democracy, final power is in the people. We can, with work, pass Constitutional amendments, change leadership, etc. People on this post talk like we are living under a King who has absolute power. If we were a Monarchy, then I would absolutely agree that monetary policy, government debt, etc should have no claim on the population at all.</p><p><br /></p><p>I am simply saying its our &quot;collective laziness&quot; by not stopping this spending, not voting them out, not changing the Constitution, by accepting higher levels of spending that we are not paying for but passing the costs to our grandchildren, that puts us to blame.</p><p><br /></p><p>Cloud talks about banks &quot;taking a haircut&quot;. Really? The US is in debt, when promised benefits and unfunded liabilities are included, of somewhere around 60 trillion dollars. This number cannot be a &quot;haircut&quot; since it is more than the net worth of every bank in the world, plus about 40 trillion. There simply is not enough money in the entire world to fund that kind of number, yet evidently he thinks banks should take the entire loss when we have been begging them for money. That is what upsets me. The US taxpayer, the ultimate responsible party, should be the first to have to take a hit for this debt. The banks will already lose when we devalue our currency and pay them back in US dollars only worth $.50 of what they used to be.[/QUOTE]</p><p><br /></p>

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