A Culture Of Debt And Bail-out

By: Tyler Murphy

A culture of debt and bail-out

If we lived in a world stripped of religion and morality, we’d all be worshiping money. Many of us already do. And if you are not a follower of the materialism way of life, then you are in all likelihood still negatively affected by its fanatics.

I’m not talking about personal gain, but tremendous greed. I’m not talking about natural waste, but unsurpassed pollution. And I’m not talking about the just rewards of our labors, but the apathetic pursuit of capital at all costs, even life.

Can you imagine an expense too great that there are no men now found on the world scheming to prophet from it? Men who in every plain sense sell their souls for tangible property. Men who have no quarrels with the dark state of the world so long as it provides for them, finding they only believe in but one virtue – profitability.

For through these draconian corporate methods we now find ourselves in a world where the greatest amount of wealth is concentrated in a shrinking number of people. Where, when a business topples the workers get laid off in droves while the executives retire with record-breaking benefits in excess of tens of millions of dollars.

This summer, another $790 billion will be pumped into our country’s financial veins.

I’ve been reading a lot lately on just how much money people owe. The nation debt is about $10.7 trillion and I didn’t calculate the math, but the government website said that for every man, women and child currently living in America, we’d all have to pay $35,000 each to get our country square with the house again. Most of us, however, already owe about that much.

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According to the Office of the New York State Comptroller, the state is about $52 billion in debt and that per population, the state ranks the second worst in the country with only Alaska ahead. Not to mention that Wall Street accounts for roughly 20 percent of our state income, or at least at did at one time.

If all this is true, I think it’s about time I moved to a different state because being in one of the highest taxed and bureaucratic states in the union, particularly from a region that’s traditionally shunned in favor of the more highly-populated down state priorities, I’m starting to see the greener grass.

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