Wednesday, December 3, 2008
This picture was taken in 1918, and it shows a car selling Liberty Bonds. It is amazing to me that in these days gone by, the government actually had to have some level of popular support to deficit spend. The gentleman above appears to support the war effort, and is purchasing a bond. Now it seems like every time I turn on the TV I am hearing about another 100 Billion bailout of a failed institution, while maintaining the same failed management team, same big bonuses, and same unwanted and outdated products. I really wonder where all this deficit spending will end.