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Willie Sutton on this issue2011-01-12 07:37:56hga


While he denies actually saying it, famous bank robber Willie Sutton is reputed to have answered the question of why he robbed banks by saying "because that's where the money is." And our personal retirement accounts are about the only store of wealth left for an out of control government that will sooner or later find it impossible to borrow a trillion dollars every year. Many other countries have gone down this path from Argentina to a bunch of Eastern European ones quite recently (and effectively Japan through their Postal Systems bank, which was the only sane and safe way to save money until recently); our very poor quality ruling class will find the temptation to follow them hard to resist. They've already spent all the money in the Social Security "Trust Fund".
Updated: 2011-01-12 07:39:09