The Damn about to Burst?

Posted by Peter Grandich -

Share on Facebook

Tweet on Twitter

$3,000 gold?
Better than paper money
Gold looking good
Time to pay the piper
Hearing the sound of war drums

The dam about to burst? (below)

The gathering revolt against government spending

This month three members of Congress have been beaten in their bids for re-election — a Republican senator from Utah, a Democratic congressman from West Virginia and a Republican-turned-Democrat senator from Pennsylvania. Their records and their curricula vitae are different. But they all have one thing in common: They are members of an Appropriations Committee.

Like most appropriators, they have based much of their careers on bringing money to their states and districts. There is an old saying on Capitol Hill that there are three parties — Democrats, Republicans and appropriators. One reason that it has been hard to hold down government spending is that appropriators of both parties have an institutional and political interest in spending.
Their defeats are an indication that spending is not popular this year.

… more HERE