Wednesday, October 28, 2009

Zombie government

hat tip Zero Hedge

Dead government walking – Sprott


  1. His conclusion is ending social security and medicare! You're not in that camp are you?

  2. No, good point--I have been consistent that America is a basket case fiscally and needs to practice triage--livable poverty level workfare and health insurance for the unemployed, higher marginal tax rates on the super-rich.

    Sprott falls in the category of libertarian asset managers who love to see the anti-government sentiment stirred up by the town hall meetings, etc., because it tends to ensure that their tax rates (including on capital gains and the infamous hedge fund exemption) will remain intact.

    There's a middle- or lower-class Republican sucker born every minute, it would seem.