Is there a danger of the Obama administration of following the precedents being set in Cyprus of confiscation of 10% of all savings deposits in the country’s banks? Obama continuously is forcing us towards a European style of government of redistribution of wealth. The EU apparently sees no negatives in their plan of socialist confiscation of citizens bank accounts for the good of the whole.
Socialism is failing in Europe and falling apart in front of our eyes, but our leadership in America fails to see the truth as it unfolds in front of them. Eventually the liberals are going to run out of other people’s money, what then?
via Tea For Two.