Privatize the FDIC and more

Discussion in 'Politics' started by ElmerMudd, Aug 27, 2009.

  1. ElmerMudd
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    ElmerMudd Gold Member

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    The FDIC is running out of funds. Let's be consistent. Let's get the government out of the insurance business.

    I do not want my tax dollars to cover deposits of irresponsible depositors.

    Let's get the conservatives behind abolishing the FDIC. We need to be consistent. Then we privatize Medicare and Medicaid.

    Let's follow through on Bush's initiative to privatize social security.

    It is not too late to pull back Tarp funds.

    It is ridiculous to sit around and criticize health care reform. That is easy.

    Conservatives need to go on the offense and start going after the already established government entitlements.
    That is the heavy lifting that takes guts.

    Don't be wooses by criticizing reform that will never happen. Go after the already established government backed programs.

    In politics offense is tough, defense is easy. Come on conservatives let's start playing offense.
     
  2. ElmerMudd
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    ElmerMudd Gold Member

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    Where are the conservatives that want to go on the offense and start getting rid of current goverment run programs.

    No one is stepping forward. Some conservative has to show some guts.
     
  3. WillowTree
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    WillowTree Diamond Member

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    Define "irresponsible depositor" if you will. :cuckoo::cuckoo::cuckoo:
     
  4. ElmerMudd
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    ElmerMudd Gold Member

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    Why should the government be bailing out banks and individuals who are their customers even if they are responsible.

    Less government means no FDIC

    That is my offering what else should we cut.

    If we really want to reduce government let's get our butts in gear.

    We will not reduce government by only stopping new programs. We need to slash existing programs.
     
  5. WillowTree
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    WillowTree Diamond Member

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    no no,, you used the term "irresponsible depositor" I'd like a definition for "irresponsible depositor" Please! and Thank You.
     
  6. veritas
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    veritas OBKB

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    willow's got you on this one.......smacked down and not getting up you are, mudd.
     
  7. ElmerMudd
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    ElmerMudd Gold Member

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    I mis-spoke.

    I meant any depositor.

    An irresponsible depositor is one that does not take the time to check the solvency of the bank. They chase a high interest rate on their deposit and assume higher risk assuming the government will bail them out.

    But if we privatize or eliminate FDIC we cannot distinguish. If a bank fails the depositors and stock holders absorb the loss, not the government. Any depositor whether irresponsible or not absorbs the loss.
     
  8. ElmerMudd
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    ElmerMudd Gold Member

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    I have not received any support or suggestions for further cuts.

    Are there any true conservatives on this site.

    If we are going to reduce government, we need to get serious.
     
  9. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Dear Elmer Mudd Office Holder

    From: almost any American voter

    Subject: mess with my entitlement, and I will vote you out of office
     
  10. Ringel05
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    Ringel05 Diamond Member

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    Sounds like a winner. When do we get started?
     

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