Socialism

The US government, along with many governments in Europe, is looking to nationalize, to differing extents, the banking systems. How did we get here? In reality we are talking about an institution which required financial institutions like Freddie Mac and Fannie Mae to make loans to people that couldn't afford them. The same institution through corruption, mostly in the Democratic Party, ignored false earning numbers coming out of the financial institutions. Now we are saying, "Why don't we give them control over more financial institutions?"

I can think of a couple of great reasons.

First, where exactly do you think that are going to get the money to pay for these purchases? Your pocket book and mine. Taxes, taxes, taxes. It is impossible to cut taxes to the extent both candidates claim they want to, and then increase the budget so drastically. Wealth redistribution NEVER works. It NEVER has been successful anywhere, at any time. It has ALWAYS led to the eventual extinction of any society dumb enough to try it on a national basis. The same people who argue this is a good way to go will argue that the US military is corrupt enough that they need to be held accountable by a court comprised of people from other countries. Oh, I get it. The US military is corrupt, but the Congress isn't that bad.

Second, isn't the US already in debt? This doesn't make sense. Why would we give control of a financial market to a government entity that cannot balance it's own books? Most times they don't even know where they are at?