Corruption with a Capital C

In my recent CFP article Tyranny, I made one point I would like to expand on. Corrupt King Joe Biden in his own twisted thinking declared that all American taxpayers should assume the responsibility of “bailing out” that the millionaires and billionaires who irresponsibly deposited more money than was insurable by FDIC in the two recently failed banks.

FDIC will insure up to $250,000 per depositor per bank. All funds deposited above that limit in any given institution, are at risk. It isn’t complicated math. At one point in my life I actually had more than $250,000 to deposit in banking institutions. I made sure that all of my eggs were not in one basket because I could not afford to lose any of those eggs.

Why does Biden and his clown show want American taxpayers to bail out foreign governments? 

One can only assume that the depositors in the two failed banks who had more than $250,000 deposited knowingly decided, for some reason, to risk their excess amounts. Whether because the interest paid by these bank was attractive or some other reason, it was a conscious decision on the depositors part or whoever was their financial advisor. Apparently, they could afford to lose it, and they did. That is their problem, not yours and mine.

We the People who Joe Biden expects to reimburse these depositors were in no way involved in the decision to exceed the FDIC insured limits. They were not going to share their profits with us, so why should we bail them out? The American taxpayer had no dog in that fight.

Anyone who had more than $250,000 on deposit in these banks no doubt had a net worth in excess of one million dollars, and they are probably wealthier than 90% of all American taxpayers. In what world should the least wealthy people in America insure that the millionaires and billionaires with the top 10% of the wealth keep that wealth? That is a sick concept!

Sicker yet, since my original article, I have learned that many of the depositors are not American millionaires and billionaires; some are foreign governments including Communist China. Why does Biden and his clown show want American taxpayers to bail out foreign governments? That is way beyond crazy!

This is the most flagrant and public display of Corruption so far in the Biden administration. The median net worth of the American taxpayer is $121,000. That means that 50% of Americans have a net worth of less than $121,000 and 50% have a higher net worth. So these millionaires and billionaires need the help of other Americans because why?

Why are we hearing no objection from the heroes of the working poor, the Corrupt Marxist Democrat politicians?

"A businessman cannot force you to buy his product; if he makes a mistake, he suffers the consequences; if he fails, he takes the loss. If bureaucrat makes a mistake, you suffer the consequences; if he fails, he passes the loss on to you." ~ Ayn Rand

Why are we hearing no objection from the heroes of the working poor, the Corrupt Marxist Democrat politicians? Why is the Corrupt Republican House of Representatives not saying NO to funding Uncle Joe’s plan? If we knew how much money the millionaires and billionaires are funneling into the Corrupt Washington Beltway Bubble political machine we would have our answer.

“Show me a man that gets rich by being a politician, and I'll show you a crook.” ~ Harry S. Truman

Is every politician corrupt? Of course not! But if you simply compare a politicians' net worth before they arrived on Capitol Hill with their net worth today, then you can make your own judgment.

The same type of Corruption is involved in the student loan bailout. Not only are Corrupt politicians getting donations from these welchers, they are also buying votes. When a person gets free stuff, they are easy to manipulate.

You might have noticed that America is in a financial hole to the tune of 32 trillion dollars. Why won’t our Corrupt Washington Beltway Bubble politicians (or should I say bubblehead politicians) stop digging it deeper?

After a 55 year career as a professional pilot in the military, in law enforcement, in the private sector, and in federal civil service, I am now retired.

In many of these positions I repeatedly took an oath to defend the United States Constitution against all enemies foreign and domestic.